Never traded Bitcoin before but been tracking it & price is currently at a very interesting area.
If I was to take a guess then I would say it's going to climb back up - BUT - if that's what were all expecting it wouldn't surprise me if it started to climb first - but then quickly turn around & break the trend line & continue dropping South - stopping out many traders.
To enter a trade I would need to see a good momentum candle, but once you get into profit I would draw your stop loss to break even at the earliest opportunity. Good luck :)
If I was to take a guess then I would say it's going to climb back up - BUT - if that's what were all expecting it wouldn't surprise me if it started to climb first - but then quickly turn around & break the trend line & continue dropping South - stopping out many traders.
To enter a trade I would need to see a good momentum candle, but once you get into profit I would draw your stop loss to break even at the earliest opportunity. Good luck :)