4th April Bitcoin - Buy the dip

4 Apr 2018

Price 7100
SL 6900
Target - waiting for price to stabilise first.

4 Apr 2018

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After looking at the whole move, I have made some conclusions.

1. The rejection at 7500 was a bearish sign.
2. The red bar drop totally changed my bullish view.
3. I have turned bearish now.

I think we would really be going to 6k this time. Only if price starts to consolidate and regain 7200 would I rethink my view.

For now I will close my longs and wait it out until a better opportunity comes, be it short or long.