image courtesy:cointelegraph
Hello guys lets have a look to the father of cryptospace.
In the past few weeks, the bitcoin prices vacillates to and from at the resistance level of 38.2% retraced from the preview low of 4862€ somewhere in November 2017. Some smart traders celebrated huge profits when the price hits all time high of 16438€ in a month after which the bear get activated which is a common movement in any markets. Consequently, the bitcoin tested the 38.2% level thrice in last 10 days but could not break the resistance level.
So, here we have the buying opportunity. Now, one strategy would be waiting till the price falls below 9200€(61.8% resistance level) and buying because the ADI doesn't give an enough clue to buy at this exact instant now.
Disclaimer: This is a technical analysis not a financial advice.