The Screenshot above shows the type of pattern I look for during big dips. This “buy signal” is the bullish Engulfing Doji candle because you can see the big green candle engulfs the red one. To me this is a signal to buy because sellers and shorters are about to get trapped at lower prices and will be forced to cover, until the next dip. It is a vicious volatile cycle, but after being in bitcoin for years you learn to get used to it, and eventually profit off it.
This week Bitcoin Bounced off the high probability buy spot around 9-10K, which I had predicted in previous blog posts. Luckily we bounced off the second test of the 50% area, the second test is the most dangerous and volatile time in the markets. Knowing all this it pays to keep a calm head and not sell your Bitcoin to the fake news Wall Street Guys, because I think they are all in for a rude awakening as BTC spikes to the moon when all the big guys that are Shorting start to become insolvent and start buying back their shorts! What I really want to do is find out which companies and or funds are Shorting BTC , and if possible short them to make some quick stock market money when BTC spikes to 50K next!
@coininstant for more!