Between lines A and B is a good buying area. The closer you buy towards Blue Line A the safer your buys will be. There is a possibility that this trend is creating a double touch. The double touch is super for BTC . For now we will be seeing continuous movement downwards till the end of march. April will be our bull run! Just in time for next months pay check ;).
I will cost average my position from $5500 - $4500. The rest of my money will go towards LTC when BTC is at this bottom. I feel like LTC, being underrated in market cap will reach huge gains in April after the BTC correction. Then I will load up on alt coins after we go up 100% from the bottom of BTC .
It is probable that blue line A might be the bottom. However with buying power so low, and low in general during our positive runs, I see new lows, eventhough the is almost at its bottom. I set an alarm for when the goes below 30 <-- usually a good time to buy.
I'm not an expert, let's be real... no one here is an expert you need 10+ years experience to be one.. BTC hasn't been traded like stocks for that long, so be careful.
May the Trends Be With You!
Do you see this connection I am trying to make.. There will be new, wealthier investors coming in here soon now that Crypto is going viral. The market reaching $3 tril - $5 tril by the end of the year is really not an unexpected event. These guys just want to buy when the price is 80% lower from the high. They are doing the smart thing, letting us all go to war until we give in. Then they buy at a good low unexpected point. there will be big buys, but only after a huge dip.. maybe see around $4000. or who knows $3000? They could double their positions this way. Put your eyes in someone elses.