Bitcoin probable medium-term bounces.

Hi, this is my first time trading.
I believe BTC could keep falling in the medium term to 7300-7200 (.618 fib) and around the 30 RSI floor, which has acted as bounce points in the recent BTC price action, while building stronger divergences in the short-term timeframes. There's also an intraday pattern forming in the daily to be acted upon after this daily close if you want to take a short-term trade (this daily is seemingly closing above a previous swing low with decent range and volume). An appropiate entry would be around this daily low, you would need to watch the short-term timeframe to pin-point a decent entry.
It all depends on your trade-size, trade-risk and if you are an intraday trader.

Comentário:

The red line with the text 'BUY' doesn't mean I strongly believe it will fall down to 6.5k, but if enough panic sets in, which it hasn't yet (and I hope it never does), then 6.5k could be a nice entry price.
What is probably going to happen, is that BTC will consolidate around these levels like it always does with enormeous daily ranges (6%-4%) for a market, like it always does.

So, it would be better if instead getting emotional about every little jump, you all waited for a strong buy signal with enough confluences.