My ultimate purpose of trading BTC right now is to find the new bottom at which I will be comfortable enough to "back up the truck". That means different things to different people so to me it just means adding a couple more full Bit-Coin to my stack at a reasonable price.
With that being said, I think my chart speaks for itself without a lot of extra commentary. All of my key points are noted on the chart.
Enjoy!
With that being said, I think my chart speaks for itself without a lot of extra commentary. All of my key points are noted on the chart.
Enjoy!
Comment:
The price keeps falling within the wedge and is on track for 6K and lower. I have already setup my buys and will just watch them trigger as the price continues to decline....
Comment:
I've seen several people trying to justify bottoms in the $2K and $3K range. I'm not saying that could not happen. (Anything is possible) I just don't see it as of now. Nonetheless I will save some dry powder after picking up some coin in $4K to $5K range. If nothing else, I'll put in some fishing orders at key low target areas on the off change we get a quick spike down and bounce. Who knows, maybe I'll catch something.
Comment:
Correction - I will most likely start sticking my toes in the water at 6K on into the upper 5K range and continue to add so long as the price continues down.
This seems to be one of those trades you can be a few days early to but not one second late!
This seems to be one of those trades you can be a few days early to but not one second late!