Today, Bitcoin saw a massive shake-out happening. It was clear that BTC needed some kind of correction after going straight up for almost two months, but this was a rather unexpected move.
Historically speaking, buying the dip is a great strategy when Bitcoin is making huge downward moves. As it seems now, BTC bounced off the 20-week SMA, which is one of the main indicators of bull-cycles.
Long-term, things are still looking good for Bitcoin:
In case there was still an alt coin that you wanted to pick up for cheap, now is your chance.
Happy trading!
Historically speaking, buying the dip is a great strategy when Bitcoin is making huge downward moves. As it seems now, BTC bounced off the 20-week SMA, which is one of the main indicators of bull-cycles.
Long-term, things are still looking good for Bitcoin:
In case there was still an alt coin that you wanted to pick up for cheap, now is your chance.
Happy trading!
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