Do u think its a best time to buy Bitcoin?
If i ask this question to my self then a big NO !!
Then when is the best time to buy...
I am sharing the chart below with logic why i am not buying bitcoin at this time.
- The trend is your friend ( The trend is bearish, don't go against the trend.
- No bottom Yet
3.Price has enough falling momentum then buying volume - Recent major support break
5.Immature falling wedge pattern.
When will this pattern be mature and help us to get the spot to buy bitcoin?
The answer is once the wedge will break its narrow ending. Then it will be a high possibility to jump in the bullish rally. and that bullish rally may give 4000$ movement from its break.
It can break from 6000 or 5000 or may b 4700, we have to watch these levels on the chart and to wait for the closing of next candle for the break confirmation.
Please have a look at 4-hour chart below.
Note: Please trade according to risk management plan and never risk more than 5% of your capital in a single trade.
I always share my view according to my knowledge. If you have a different view, i will also respect your logic and view.Please invest at your own risk.I am not an expert and do not recommend anything.This is just my Analysis.
Good Luck & Happy Trading