Bitcoin Bounce Or Maybe Not?
Just a couple days ago bitcoin gave us a nice reversal candle after spiking near the 9400 level. It looked prime for a decent bounce, maybe even to the top of the range that price has been trading in for a bit now.
Well, thus far that bounce has been modest at best as price didn't move much higher yesterday and is showing red on today's candle with just a few hours left in it.
In the end, anything can happen and nothing has to happen.
That is a phrase I have learned to live by with investing - "nothing has to happen"
Something always will though and it may not always be what you expect.
I digress though - if we do not see any real follow through on the upside then it is still that 9400 support area that price needs to hold otherwise I may get that buying opportunity at 8500 I've been waiting for.
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I think others provide more risk/reward. Although frustrating, ETH and LTC for me.
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I think you will get that opportunity, stay patience.
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