In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics.
Vays: $11,000 zone is “perfect” dip
Examining the weekly and daily charts, Vays noted that there was little reason to expect a significant pullback beyond a “one to four-candle correction.”
This is ongoing, with BTC/USD consolidating its gains from earlier in the week. Should this period last no longer than four days as Vays predicts, he said that he would look to “buy the dip” at $11,000.
“I would be looking to buy the dip or buy the breakout, but I don’t know which one it’s going to be,” he summarized.
“So if I am to buy the dip, where would the perfect dip be?