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RE: Here goes nothing... picked up some BTC @ under $3050. Let's see how this plays out.

in #trading7 years ago

ive been making small buys most of the week anticipating a possible retest of $3,000 level which was never back tested since bitcoin plowed thru the resistance and rocketed to $5k. I didn't really think it would go back to $3k so soon but all the FUD this week helped it get there.

This morning when I woke up and saw btc at 3060 I was hesitant but then I remembered when it went to $1800 about 5 week ago and how quickly it went back to 3000 so I bought Double what I've been buying earlier in the week. The order filled at $3070 per btc. Exactly 2 hours later I look at the price and see this bullish engulfing candle on the hourly chart.

image

It may test 3k again but there sure seems to be a lot of buyers near that area. Glad to see someone else saw this as the great opportunity that think it is. It may go lower or it may very well run back to $5000 before we know it. Time will tell.

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I think that we will have a run for a while....$4K might be a test...cross that and I believe we push $6K.

Stall at the $4k, and not only might we retest $3K but $2500.

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