Nothing in-particular to point out on this chart other than the idea that it is time to ACCUMULATE. What do I mean? At some point bit-coin will bottom and at some point bit-coin will shoot for the stars. Will you catch the exact bottom? Probably not. Me neither.
So here is my plan....
I'm buying and holding, no stop, small fractions of bit-coin every time it hits a major support. If it breaks support and falls even lower oh well, I'll add to my long position at the next support level. Basically "Averaging down" Oh no you say! Never do that!
Well, this market is different, in my opinion. Bit-coin, like gold, will always have a value, at least to me. So....... If I buy a little at $6K and then again at $5K only to double up at $4K and then tipple up at $3K only to buy more at $1K so be it.
Bit-coin is limited - a finite quantity. At the end of this game you either own it or you don't. At that point - GAME OVER.
That's my IDEA and I'm sticking to it.
So here is my plan....
I'm buying and holding, no stop, small fractions of bit-coin every time it hits a major support. If it breaks support and falls even lower oh well, I'll add to my long position at the next support level. Basically "Averaging down" Oh no you say! Never do that!
Well, this market is different, in my opinion. Bit-coin, like gold, will always have a value, at least to me. So....... If I buy a little at $6K and then again at $5K only to double up at $4K and then tipple up at $3K only to buy more at $1K so be it.
Bit-coin is limited - a finite quantity. At the end of this game you either own it or you don't. At that point - GAME OVER.
That's my IDEA and I'm sticking to it.
Trade closed: stop reached:
I took the money for a profit and ran. I'll try again at lower prices....
I've got a stack of Platinum, Gold and Silver too so why not Bit-coin?