That is great and all but how will we know the dip is here?
That is where Fib levels can help us a bit!
Now that we are pretty certain we would like to buy the dip in bitcoin, we have to figure out where that dip may be...
Forget timing it in terms of a time-frame because according to that we should have already been dipping, yet here we are with bitcoin over $8k.
Anyways...
According to the fib retracement levels, I am especially looking at the $6k area:
(Source:
)https://twitter.com/Josh_Rager/status/1136479195394191366
- Josh_Rager
Specifically, I am looking at the range of $6,800 to $6,100 based on the fib retracement levels as well as previous supports.
That is a big range I know but it was an area that provided a ton of support on the way down during much of 2018.
Based on that as well as the fib levels, I think anywhere in that range will be a great spot to start buying again.
If prices go below $5k you don't really want to be in it anymore from a technical perspective as all bets are off where it goes from there.
Stay informed my friends.
-Doc
