firstly , let me talk about the past,
every one was bearish when the price of bitcoin dropped from 5000 usd to 3000 usd in september 2017,
because all are under the fud of bad news by the china which is ban on Initial coin Offerings, but what the chart was saying that Bitcoin should pull back from this point and this could be the good buy opportunity.
Now present, if we consider the 1 month chart ,we are still bullish and not bearish ,and it is trading currently above 21 Monthly EMA, This is a good buy opportunity .
becasue what needs to be consudered is RISK ,REWARDS, and money . At this point, we have maximum of 5% risk , but what is Rewards which can be 5 times more than the Risk percentage.
please read full blog.
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