As you know from the beginning of bitcoin growth most of analysts say that's over, bitcoin will go down, deep correction coming etc. But every time i asked myself why shoudl bitcoin go down? There's an strong buying pressure every correction will be bought back quickly and market recovers itself very fast i don't see any sign of loosing steam i think buying and waiting is more profitable than waiting for dips. Let's be honest with ourselves none of expected dips were touched and every time we got off the bus.
Anyway the purple box you see is a value area i think this is a very strong support area luckily bitcoin was in range for 6 days there. I'm not gonna buy bitcoin but there are lots of alt coins which will make huge profits.
Good luck
Anyway the purple box you see is a value area i think this is a very strong support area luckily bitcoin was in range for 6 days there. I'm not gonna buy bitcoin but there are lots of alt coins which will make huge profits.
Good luck
