As i said in my last analysis - bitcoin is still bearish. But i am a believer in bitcoin and i think we are in the last part of the bear market before we see the return of the bulls. I think it is not possible to catch the bottom exactly. So i try to find an area for my longterm investment. I used a fibonacci-projection for the first target zone. In my opinion we will definitely reach this first area. In a longterm perspective it does not matter if you by btc for 2.800$, or 2.700$ or however. Reaching this area i will beginn to invest. Catching the bottom is a nice dream but you have be lucky.
The second target zone is not a duty. Will btc bounce an reach the second target zone later i will by bitcoin again. My strategy - cost average. At the moment i don´t expect a btc price below 1.800$.
This is not an investment advice, i just want to share my thoughts and strategy with you.
The second target zone is not a duty. Will btc bounce an reach the second target zone later i will by bitcoin again. My strategy - cost average. At the moment i don´t expect a btc price below 1.800$.
This is not an investment advice, i just want to share my thoughts and strategy with you.