What I want to show you today is the purchase opportunity that the market offers us.
Before starting I must clarify that my analysis in this post is only technical.
First of all, we are observing the daily chart and it is important to note that the previous candles have a prominent lower wick, which indicated that the strength of the bears was exhausted. the candle of the day 7/29/2018 was already giving me indications of a possible recovery in the price.
When plotting the trend line of the minimos we observe that the session of today 08/01/2018 starts bouncing in the trend line of minimos and we can assume that the price will tend to rise in the next few days.
Not only the previous points give us the hope of a rise, but the channel that is formed between the Support Zone and the first Resistance Zone. Because of this we could end the week submerged in a channel making short entries and exits (taken care of with this strategy)
With a triple crossing of EMA'S the panorama becomes very encouraging.
This is why I think it is the right time to buy Bitcoin or at least to keep the ones we already own.
