Will it go up again? I see oversold RSI, macd just crossed below the 0 axis, however bullish signs of macd (in 1 hour chart). i see 3800 as lower target?
waseemshamieh
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@trader010, crossing this support line would be bad, I hope not>
checking daily frame is better when using RSI indicator
@trader010, It crossed, i am considering selling but am in doubt, can you suggest any strategy/ approach i could consider? Like holding untill bitcoin comes down again, but that might take a while?
Hold my friend
now your eyes on this support line in USD, still in good position (it dropped because btc rises) and that's normal (all you care about if it falls so much in USD)
trader010
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@waseemshamieh, Thanks! sorry for the late response but am very busy lately.
ttovmasy
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good call man. I didn't buy it... do you have any current buy reccomendation for it?
waseemshamieh
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@ttovmasy, Thanks ,, it has very high volume now, I guess the correction will end at ~3400
Must not drop less than 2700
Draw fibo lines and watch the reaction of the price around 0.618,0.38,0.23