Called the correction- I think its going lower (H&S Pattern)
I kind of called the correction in my previous post and now I like to actually see it come to life. As we can see BTC has formed a Head and Shoulders pattern. + some China FUD again has increased the selling pressure. This could go lower, maybe some minor bull traps on the way down.
Do not get me wrong, I want for the prices to climb, for strong bull run. However, last days I took some profit, and now is a great chance to buy your favorite Altcoins at a lower price. Look at Polygon (Matic) the last time BTC dropped to 31k ish, MATIC was around 0.8 and then did a 3x in 2 full days. Many more such lucrative options out there probably.
For now, I am still waiting, not Buying. I am looking at the 30-32k mark for BTC for me to start buying back my coins. If it goes deeper, I will buy more. I think the next couple of days will present great opportunities, just have to be patient. I am also kind of sitting here and struggling with patience of not buying anything. Personally, I have set buy orders for ADA and MATIC at $1.00, in case Binance, Coinbase or whatever experiences issues with logging in and doing anything. Also, it helps to not buying in too early. If they don't go that low, I will just rebuy later, but that's just me. This is very emtion based IMO, just look at YT and Twitter, one day everyone is bearish, doubting the market, the next day everyone is calling a mega pump, extremely bullish. So for now, people are getting more bearish again.
What is your strategy/ thoughts for the next couple of days? Please share in the comments... and have a nice weekend ;))
Do not get me wrong, I want for the prices to climb, for strong bull run. However, last days I took some profit, and now is a great chance to buy your favorite Altcoins at a lower price. Look at Polygon (Matic) the last time BTC dropped to 31k ish, MATIC was around 0.8 and then did a 3x in 2 full days. Many more such lucrative options out there probably.
For now, I am still waiting, not Buying. I am looking at the 30-32k mark for BTC for me to start buying back my coins. If it goes deeper, I will buy more. I think the next couple of days will present great opportunities, just have to be patient. I am also kind of sitting here and struggling with patience of not buying anything. Personally, I have set buy orders for ADA and MATIC at $1.00, in case Binance, Coinbase or whatever experiences issues with logging in and doing anything. Also, it helps to not buying in too early. If they don't go that low, I will just rebuy later, but that's just me. This is very emtion based IMO, just look at YT and Twitter, one day everyone is bearish, doubting the market, the next day everyone is calling a mega pump, extremely bullish. So for now, people are getting more bearish again.
What is your strategy/ thoughts for the next couple of days? Please share in the comments... and have a nice weekend ;))