We're currently about to touch on the 0.236 fib line with what seems to potentially be the end of a short parabolic bearish trend that began on the 17th of December (orange), with RSI also indicating that BTC is currently oversold, meaning a rally is likely - The overall long term parabolic bull trend is still intact (purple) - BTC dropping into a nice little buy area, may be a good opportunity to fill your boots in preparation for the next bull run.
Keep it simple, don't go overboard with indicators, don't sell the dip, don't feed the bears. The best time to buy is when there's blood in the streets, BTFD!
Keep it simple, don't go overboard with indicators, don't sell the dip, don't feed the bears. The best time to buy is when there's blood in the streets, BTFD!
