We have now reached the bottom of the RSI triangle, although we might have another touch and go, technically speaking this is the bottom. Will it extend to 14k or 17k, before we bounce up to 25k levels, doesn't really matter if we look at the macro. Low leverage trading is key when trying to find the bottom. It is always possible to compound buys to average a good bottom position for the long term.
Other than this, I'll keep it simple, this is a really long term projection and take it as such, just a projection.
May the fractals be with you!
-B
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Smaller time frames (1s-1day) will see some shake-off's and drops during the forming of the bottom, but in the macro view, (weekly and monthly) it's so calm and steady.
@simpsonepic1a, When do you think that will occur? Not before it touches 40k again, first?
info95596
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@simpsonepic1a, exuse me, are you one of the caracters from Dark (TV series)? Please share with us your time travel suitcase :-) Such confidence with such a specific number... the date of the bottom please? Thank you
bnqview
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@simpsonepic1a, You just showed me that you didn't read what I wrote... I said, it doesn't matter if the price bottom is 14k or 17k, because if that is what matters to you, you are not trading correct. The point was to start buying in chunks or stacking, for a a good average. Hope you bought the bottom I called, because now it's only wishful thinking that you would ever see a 20k price or below. Good luck.
16.3 k is the bottom.