For spot traders. You can start accumulating BTC here..

[Iamcrypticguy]

Based on TA, I think we this daily ORDER BLOCK would hold and we might see a trend reversal from here. My opinion though..

For futures traders, I'll suggest you do top down analysis and use lower time frame for entry.

[Odohu]

Based on TA, I think we this daily ORDER BLOCK would hold and we might see a trend reversal from here. My opinion though..

For futures traders, I'll suggest you do top down analysis and use lower time frame for entry.

If I'm buying to hold for long, then I will consider buying from this level the price is because that is a heavy discounted price that will yield maximum outcome for a continuous buy from the level upward. However, if I'm trading  for quick profits and short term hold, I will wait further because there is still liquidity below the $60k region that price will first seek before any sustainable upward move is expected. Although a limit order at various price points down to below the point of liquidity will yield optimal outcome.

[SmartGold01]

This is actually a good entry point to buy but judging from the market I can still sense mode dip since bitcoin have already 60k close point would be 58k before opening level. Let say within the next 24hrs time we could find bitcoin at 58 or 55k, so to me I will just do DCA to watch how the price goes no one can tell the direction of the market.

[Oshosondy]

This is actually a good entry point to buy but judging from the market I can still sense mode dip since bitcoin have already 60k close point would be 58k before opening level. Let say within the next 24hrs time we could find bitcoin at 58 or 55k, so to me I will just do DCA to watch how the price goes no one can tell the direction of the market.

Bitcoin got to $58400 on the same day that you posted this but 2 hours and 30 minutes before your post. I mean that bitcoin got to $58400 2 hours 30 minutes before you posted this. The price from that point started to increase and it is above $60000 not quite long after that time and till now. So did you mean bitcoin slightly above $60000 now will fall back below $58000?

[promise444c5]

Based on TA Fundamental Analysis [FA]there's still more Dip to come in...
Germany govt  still selling...Source]
Mt. Gox also adding  to the pressure.... so there's likely to be more Dip or a false break out with price correction.
In the mean time DCA investors and holders  should have nothing  to worry  about just traders trying to tap from the BTC market ups and down  might  feel worried...

[Amphenomenon]

Op good job with your analysis though we had a thread about market Speculation before which sadly is not really active again but you be posting this there next time to revive it Bitcoin price speculation (BTC/NGN), and USD.

However, if I'm trading  for quick profits and short term hold, I will wait further because there is still liquidity below the $60k region that price will first seek before any sustainable upward move is expected. Although a limit order at various price points down to below the point of liquidity will yield optimal outcome.

Though this is correct but I also hope you noticed that Op made that analysis for Spot traders which less risky like the feature where one can actually get liquidated.

Based on TA there's still more Dip to come in...
Germany govt  still selling...Source]
Mt. Gox also adding  to the pressure.... so there's likely to be more Dip or a false break out with price correction.
In the mean time DCA investors and holders  should have nothing  to worry  about just traders trying to tap from the BTC market ups and down  might  feel worried...

I think this is more of a Fundamental Analysis, which is highly important here whileany even consider it more important factor to consider.

Based on sone folks in WO, I don't think the Mt. Gox will have a huge effect but if it those I will even be more happier because I want to accumulate more bitcoin in the lowest fee possible, while this maybe a huge issue for those trading with leverage, spot traders won't worry much since they may just continue buying the dip since won't be liquidated.

[promise444c5]

Based on TA FA there's still more Dip to come in...
Germany govt  still selling...Source]
Mt. Gox also adding  to the pressure.... so there's likely to be more Dip or a false break out with price correction.
In the mean time DCA investors and holders  should have nothing  to worry  about just traders trying to tap from the BTC market ups and down  might  feel worried...

I think this is more of a Fundamental Analysis, which is highly important here whileany even consider it more important factor to consider.

Based on sone folks in WO, I don't think the Mt. Gox will have a huge effect but if it those I will even be more happier because I want to accumulate more bitcoin in the lowest fee possible, while this maybe a huge issue for those trading with leverage, spot traders won't worry much since they may just continue buying the dip since won't be liquidated.

Yeah it's Fundamental Analysis (FA), made mistake with that thanks for noticing tha...
Like I said if Mt.Gox won't be making more impact (or even the opposite) there's still a likely chance of having  a false breakout from the current support  just as its in OP chart ....  maybe a new strong support could be cited on the new origin while the price gets corrected (DYOR)... its all Speculations

[Iamcrypticguy]

Op good job with your analysis though we had a thread about market Speculation before which sadly is not really active again but you be posting this there next time to revive it Bitcoin price speculation (BTC/NGN), and USD.

However, if I'm trading  for quick profits and short term hold, I will wait further because there is still liquidity below the $60k region that price will first seek before any sustainable upward move is expected. Although a limit order at various price points down to below the point of liquidity will yield optimal outcome.

Though this is correct but I also hope you noticed that Op made that analysis for Spot traders which less risky like the feature where one can actually get liquidated.

Based on TA there's still more Dip to come in...
Germany govt  still selling...Source]
Mt. Gox also adding  to the pressure.... so there's likely to be more Dip or a false break out with price correction.
In the mean time DCA investors and holders  should have nothing  to worry  about just traders trying to tap from the BTC market ups and down  might  feel worried...

I think this is more of a Fundamental Analysis, which is highly important here whileany even consider it more important factor to consider.

Based on sone folks in WO, I don't think the Mt. Gox will have a huge effect but if it those I will even be more happier because I want to accumulate more bitcoin in the lowest fee possible, while this maybe a huge issue for those trading with leverage, spot traders won't worry much since they may just continue buying the dip since won't be liquidated.

Who bought on spot are in profit at the moment. Price took liquidity around 58k before pushing up.. let's see how this month would close.