I would defo be interested on buying a dip back down to $360 area...fucking good counter trend long that would be!
I dunno if you do TA, or if you do, what tools or methods you deploy, but man, that $410-$415 area is going to be such a brutal resistance area, that it will more likely than stop BTC right in it's tracks, before sending it right back the way it came. Whether the $360 'support' would hold on the 3rd time of asking would be another matter. I am not saying that it is going to happen, but I see no reason at all why Bitcoin couldn't test $310-$320, which is where the first line of real monster support for this market lies.....I imagine that down there, we would see equal measures of Retail Investor despair, combined with Wholesale Investor confidence, and that is what true bottoms are made off. Markets by thier very nature are designed to ensure that the majority always lose.
yes, I do TA, but I also like to connect it with some fundamentals. So it is a mixture of both.
To me, the fundamentals are neither positive nor negative for Bitcoin at the moment, therefore what is on the charts has more weight currently.
As for your comment, why not going all the way down to $310? I use Fibonacci retracements which work just fine for me, and one of them worked for the stop of the recent correction. Now we are back to your zone of $410, let's how the price behaves there. I would expect we stay for a while in a horizontal channel between $380 and $410, until there are some fundamental news which would help to break either up or down.
