Bitcoin Bargain Basement Prices - Will she bounce here?

13 Mar 2020

Price is currently at 1.618 and 0.86 fib cluster, RSI and stochs are showing well oversold, price also close to last major support at $3200 or so. If your risk appetite is on, I reckon $3200 is a good buy and a possible scale in now. Stops would need a little room. See how this plays out.

But remember, we're looking for a reversal signal, bullish candle pattern etc, to accompany all the above. Do not try to catch the falling knife... unless you're a ninja. ;-)

PS: preserve your capital. There will be opportunities ahead.