RaynLim

Bitcoin, where to buy?

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BITSTAMP:BTCUSD   Bitcoin
Hey, Bitcoin supporter out there. You might be planning to buy on the next Dip, so exactly how low can it go?

It depends if you are looking from the trading perspective or investment perspective.

Trading perspective, one will prefer a more accurate price so they can trade from the low and profit from the difference.

However, if you come from the Investment perspective and you had plans to buy Bitcoin at $63,000, at the current market price of $57,775.65, you are getting a great discount, more than $6000 discount.

If you have joined us 2-3 live sessions ago, you would have remembered that I've said that there is an AB=CD Pattern complete at $64,000. At that point, we do not know what causes it, but we know there is a potential for it to have a retracement.

If you are looking from an investment perspective, between $54,045.67-$49,539365 is an area you can look out for the opportunity.

If you are looking from a trading perspective, between $50,917.72-$51.417.16 will be a good level to wait for candlestick pattern confirmation for a buying opportunity.

If the market break and close below $49,539.65, it will send Bitcoin to $48,319.28 and even $44,845.89 before any movement towards the upside.

Understand the market you are involved in, the risk it may occur and be Prudent in your Investment, Trading or Speculation.

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