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BITCOIN Drop! NOW WHAT? When to buy BITCOIN

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✅????⚡????Get access to the trade alerts and/or 1 on 1 training here: https://www.patreon.com/thetravelingcrypto ????⚡????✅

Another Bitcoin drop happened again yesterday as Bitcoin is falling. If you watch the last video, this was the expected Bitcoin move. I wouldn't necessarily call it a Bitcoin dump or a Bitcoin crash but it is a typical retracement that is part of a regular market cycle when a cryptocurrency coin is in a bull rally. Bitcoin can't go up forever so a correction is expected. If Bitcoin can get to the 21 EMA on the weekly chart it will be in a prime position to buy the dip so for those asking "when to buy bitcoin" the $9,000 level is a good starting point. Let's get there first and see how the market reacts to that level. $7,500 is possible if we get to the 50 MA on the weekly Bitcoin chart but it is less likely at this time.

Let's also take a look at Litecoin (LTC), Ethereum (ETH) and XRP (Ripple XRP). On the stock market side I'll do technical analysis on Shopify ($SHOP), the gold ETF ($GLD), and the ETF that trades against the S&P 500 VIX ($TVIX).

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#Bitcoin #BitcoinNews #BitcoinDrop

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