crypto_gunther

Don't Buy Bitcoin With Leverage Yet

Short
BITSTAMP:BTCUSD   Bitcoin
Resist the urge to go all in at current price level. We may see Bitcoin's price cut in half to about $1,970. The blue fractal represents the same proportional drop from $20k to about $6k. It is better to buy in pieces. Nibble into the market. If not, you will lose much of your buying power. We need to accumulate at a severe discount. We can't predict the exact bottom but we can buy in pieces as we approach the bottom. Leverage should be used (IMO) at around $2k. This isn't investment advice.
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