Time to buy?

On April 14 we experienced what would be the beginning of this great fall, which was strengthened as bad news arrived, mainly Elon Musk's tweet where he said that Tesla will stop accepting payments in bitcoin for being unfriendly to the environment . Apparently he just found out how mining works ... I find it strange that he did not investigate it before investing so many millions in bitcoin and promoting it long ago...but who knows?

Another issue of concern is China's ban on cryptocurrency trading, although it is already the fifth or sixth time that they prohibit what was already prohibited, although this time it may be something more serious since it affects miners, and As we know, the largest number of miners in the world are in China.

A popular phrase tells us that bull markets are born in pessimism, grow in skepticism, mature in optimism, and die in euphoria. Today we are in a clear stage of pessimism.

Let's take a look at today's Chart:

The price of Bitcoin today is undergoing a major correction from yesterday's 38,000 zone to the $ 34,000 zone.

In my view, the price should not fall below the trend line of the minimum marked in red, which for today is around $ 33,000. And under no circumstances should fall below $ 30,000, since at that point the volume was very high and investors will hardly drop that mark.

Many think that we will continue to go down, however, I believe that the descent is already done and all we have left is a comeback.

The decline of yesterday and today coincides with the close of futures on the last Friday of each month, and past experience tells us that there is usually a decline against this close that normally tends to recover in the following days.

Therefore, I believe that the current price of bitcoin is very good to get on the train, although this is not investment advice and everyone should be guided by their reflections and analysis.

I think that in the next few days we will see a rebound that will take us above $ 40,000, an area in which we will face doubts again. But so far we have a good margin for profit.

As we know all other coins are looking to BTC next move. Ethereum is at the moment at $2315 and some mayor coins such as Cardano (ADA), BINANCE Coin (BNB) or Polkadot (DOT) are at the moment at $1,40 , $310  and $20,20 respectively , making all them a good invest.

And what do you think?