Just want to share some ideas when is a good time to buy a bitcoin in my point of view.
I Plan to buy this bitcoin during . The pattern will not always the same like in the picture, because the BC leg is very flexible.
this trade plan is just not about the and no reason behind it.
I choose this plan because i do believe for bitcoin to go down once more to make it a complete and great time to buy.
I do still believe that goverment or banks will makes certain action to make some adjustment with the bitcoin due to it decentralized system.
This currency is under my radar since a long time, but during the first moment i put my eyes on this currency is when the price is 10.000 something which is ridiculously high and i don't want to buy it. I always remember that a good time to buy is always during correction not the impulse coz i learn it in the hardway.
And there is no correction acording my point of view and the price skyrocket to 20.000
So when i watch the news the bitcoin is down really hard, i'm not surprised but more waiting for this moment. because what is increase so high during short amount of time usualy will go down hard during short amount of time also. more or less same with oil and gold . this is just a price setup by certain trader or organization. thats how trading business work. not only in crypto currency or forex or stocks market. but every commodity that can be traded. always have opportunity that it's price can be setup by someone or company that have huge amount of money.
But if the product is used by all people and not a setup, usualy the price will increase step by step.
I believe cryptocurrency is one of the futuristic type of investment that someday will be used by a lot of people. so this plan is really a long term plan. and my entry strategy is by and advance pattern projection.
Hope my plan and scenario trade well. and i will have one more good investment project.
This Plan is really according to my point of view and analysis.
Hope all of you got something from it.
Don't forget to trade wisely.
And GOOD LUCK