5.16$BTC Evening Market
This market's tanking so hard that even my mom wouldn't recognize it, it's a total mess. But you know what? The more I look, the happier I get. Seriously, let it drop, the more the better, as long as it doesn't breach the crucial support level of 74000-75000. To me, it's like a discount sale, a chance to hop back on the train. Think about it, if it was floating at the top, would I dare to jump in? I wouldn't. Now that it's dipped, isn't this the opportunity we were waiting for?
But remember, if you want to go long, don't just rush in screaming at the sight of a bearish candle, that’s not bottom fishing, that’s a head-on-a-platter moment. Keep those greedy hands in check and exercise some patience. Wait for what? Wait until it stops dropping, wait for a nice long shadow to form, or for the MACD to show a divergence – that’s the signal to start partying. If the signal hasn't popped, jumping in means you’re just getting ground into the dirt by the whales.
The key level right now is 78000. Don’t panic just because it dips below that, it’s all a fake-out. What do we look for? Hourly level solid closes. As long as that candlestick doesn’t firmly settle below 78000, the bulls are still breathing; it’s hanging by a thread, but it’s not done for yet. How can it survive? The bulls need to step it up and pull back a nice green candle back into the consolidation zone around 78800; if it does, we can temporarily lift the alarm and eye 79538 and 80059. Can’t get back? Then just hold steady around 78000 to the lower consolidation zone, and for the bulls, that’s like burning incense. Remember this: if it breaks 78000, all bets are off, and we’re straight down to 76937 looking for signals.
We haven’t found the bottom yet; look at that MACD, as prices slide down, it’s also flopping down without a hint of divergence. That’s a sign it hasn’t fully dropped! If you’re itching to go long, I’ll say it again, tie those hands up and watch the show. If you really can’t resist, play with a few hundred bucks, but don’t get
