Do not buy bitcoin(BTC) this month or you will lose money...yet
My thought on buying bitcoin this month of october 2018? should i wait?
Short answer is to wait.
1. There is still room for a downtrend from the 1 week chart.
Looking deeper inside the 1 day chart there is at least 1 week for the price action to change and it has been rebounding from the 6.5k range.
The price might be in sideways for another week and it could retest the 5.9k range again and that is a 10% expected loss if you buy now.
2. The idea is to set buy order incrementally starting from 6k-5.9k
if the price break 6.7k this week then it is recommended to buy as the first run could hit more than 25%.
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