The coin is trading below the $ 360 resistance, and a re-test of $ 300 is still possible, but traders should be looking for buying opportunities on the short -
term dips now, with the MACD being back to neutral.
Not exact matches
While that doesn't guarantee that buying the
dip right
now will turn a profit right away, Wells Fargo argues that's unlikely to matter in the longer
term.
Litecoin
dipped below $ 51 and the weekend lows during the current leg lower in the correction and it's
now headed towards the $ 44 support level, with the declining short -
term trend clearly being dominant.
Investors should
now be adding to their positions on the short -
term dips.
Now is no longer the time to buy on
dips anymore unless if you are a very short
term trader looking to profit from technical bounce.
Now if this cycle is repeating then everyone can be very relaxed about the long
term temperature trend even if global temperatures
dip definitively.
As of
now (or perhaps mor precisely, as of last week given the ESRL problems) the CO2 - rise is sitting at that unwobbled value (0.25 ppm / yr below the long
term linear trend in CO2 - rise) but there does seem to be potential for one of those La - Nina - caused
dips in the CO2 - rise numbers perhaps in parallel with the re-aligned +8 months ENSO
dip.
If you're in this for the long
term, and can brave the
dips in price whenever they happen — and they often do — then buying
now is a great idea.
Now that the short -
term dip appears to be largely over for Bitcoin and other cryptocurrencies, it seems as if the support level was established at around $ 7000.