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RE: Bitcoin BTC bounces hard off $7,300 support
Yep, for now. We should bounce to around $9,400 and find resistance at the trend line.
If this materialises, and we complete wave D, then we should fall again to retest support of the long term trend line, thus completing wave E.
As we near the apex, a breakout to the upside is highly probable. Let's see what happens.
I’m thinking about playing off that 9400 level. Set a limit and try to pick up a few cheaper coins.
Lots of opportunities for swing trades in current conditions. XRP was a great opportunity earlier as was XLM.
Many of the coins were oversold on all charts.
For long term hodlers, good time to buy the dip because we may not see prices like these for the major cryptos ever again.