Based on the daily charts, when looking and the MACD, and Parabolic SAR, there are many bearish signals indicating that the price action and momentum is downwards, and Bitcoin is likely to fall even more in price.
When looking at the MACD, the short term moving average has crossed and is going under the long term moving average. This is indicating that there is a high probability that Bitcoin is going to fall further in price. I personally am going to wait for another bullish signal before buying back again. Not only is this signal bearish, but the Parabolic SAR is indicating that there is downwards momentum in price action, meaning that the chances that the price is going to fall further are more than 50%.
When looking at the MACD, the short term moving average has crossed and is going under the long term moving average. This is indicating that there is a high probability that Bitcoin is going to fall further in price. I personally am going to wait for another bullish signal before buying back again. Not only is this signal bearish, but the Parabolic SAR is indicating that there is downwards momentum in price action, meaning that the chances that the price is going to fall further are more than 50%.