I've brought out the Fib Ret tool to determine the levels for dollar cost averaging in for Bitcoin.
More chances to buy Bitcoin before the next bull run.
Bitcoin now has retraced 15% to the 0.236 Fib level.
Potential bottom will be 40% retracement at the 0.618 level ($5,050).
When we reach 50% retracement, at the 0.786 level, there will be a greater chance we'll drop further to 60% retracement due to panic selling leading to our 2nd capitulation and will give us the best days of our lives to buy.
As they say in the investments world...
"You make money when you buy at the bottom, You realize your profits when you sell at the top."
Happy Trading!
More chances to buy Bitcoin before the next bull run.
Bitcoin now has retraced 15% to the 0.236 Fib level.
Potential bottom will be 40% retracement at the 0.618 level ($5,050).
When we reach 50% retracement, at the 0.786 level, there will be a greater chance we'll drop further to 60% retracement due to panic selling leading to our 2nd capitulation and will give us the best days of our lives to buy.
As they say in the investments world...
"You make money when you buy at the bottom, You realize your profits when you sell at the top."
Happy Trading!