#bitcoin bouncing off 4 hour, might be good time to buy

** 4 hour time frame **

#BTC falling and relatively cheap.

Set a stop loss just below the lowest wick in the demand zone or per your trade plan. The risk in this setup is only 1.2% -- minimal fee to catch a possible dip.

Trade closed: target reached:

Bitcoin sold through all of the demand, with the end of the wick just touching $14,000.

Don't forget to keep track of round psychological numbers! People DO gravitate towards them. Markets are not 100% rational.