Hourly Chart:
If the $12,900 support level does not hold for BTC, we are looking to see a BTC price dive soon. It is unlikely to hold by my approximation because this is the third test coming off a failed rally. This means the day traders are going to favor selling out their positions at this level rather than buying... especially without any news to drive the market higher.
My target area for BTC in a dive is anywhere from $9k USD up to $11k USD.
Now, here is the deal guys, when the market tanks, those of us with cash for buying coins need to be shopping!
My Shopping List:
- EOS at $5 USD
- Steem at $2 USD
- BTC 10k to 9k USD (I would rather buy Steem or EOS)
PS - Cardano is a trash coin that moved itself in to 5th place.