Preserve Capital, keep previous profits, wait for comfirmation
All of my buy orders are waiting at aroung 6k, but since yesterday I've seen BTC change direction, it has started a minor trend which now could become the birth of new Primary trend. All signs contradict each other and so it is best to keep you money safe in not jump in yet. We have no idea why Bitcoin jumped so high so quick but my guess would be severe manipulation. It was more than likely done to take out a lot of short orders and then take out anyone that jumped in after 7500. I would advice not to put any money in until Bitcoin becomes a bargain at around 4k. Let the price and the market come to you.
What you are seeing on the chart: Focus on the change of direction formed by the minor trend in green, this could either be a continuation pattern -- meaning it will drop very hard once it falls out -- I believe this could be the right scenario or we have seen the bottom and it could slowly continue the new path up. Keep in mind the lesson here, manipulation is strong right now and no one can take your money if it is not in the game. Sit on it and wait for the right opportunity. The money is not made when the market is headed up, money is made by buying at the bottom.
Stay safe, stay classy.
What you are seeing on the chart: Focus on the change of direction formed by the minor trend in green, this could either be a continuation pattern -- meaning it will drop very hard once it falls out -- I believe this could be the right scenario or we have seen the bottom and it could slowly continue the new path up. Keep in mind the lesson here, manipulation is strong right now and no one can take your money if it is not in the game. Sit on it and wait for the right opportunity. The money is not made when the market is headed up, money is made by buying at the bottom.
Stay safe, stay classy.