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UltimateKnowledge
Dec 13, 2021 11:21 PM

Where is the bear market bottom? 

Bitcoin / U.S. dollarBitstamp

Description

Where is the bear market bottom?

You tell me.

We don't know where the top will be, if the top has happened, or if the top will happen, but we can take a look at this global support line to find the possible bottom for bitcoin.

From looking at this, it becomes pretty clear that the 22-41k range is a good place to start DCA'ing.
Comments
UnknownUnicorn18174399
I do like your window. I will be glad to buy at any price in there but I will be surprised if we stay in the 30's for long. Too much difference in the Crypto space since the last bear market. So $41,000.
UltimateKnowledge
@LuckyPat1974, Yeah totally agreed! we will touch that trend line very very briefly and ride up from there. You could blink and miss it. I have laddered limit orders starting at 41k going all the way down to 22k getting progressively larger the lower they are.
UltimateKnowledge
@LuckyPat1974 so, are you buying?
Ambassadorj
Ok. I will stick my neck out on this one.... Definitely 30K range with some dip into 20K area at some point.
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