We are going through similar patterns, levels and emotional states as in the previous cycle.
I propose you to check the movement after 2014 bubble pop and see the similarities by yourself.
At the moment many non-experienced players are reading FUD news and falling into the emotional trap.
We all know that it is smart to buy low and sell high, but how low and how high is the question!?
Based on the projected levels it would probably be smart to buy around 50% Fibonacci retracement.
If you can not stay by your computer and/or if you are struggling with your emotions and bankroll management there is a nice solution.
Putting buy orders around 3 different levels gives nice average price if all 3 are hit and less feeling of FOMO if you get at least upper one right.
From what I see now, I can say I will buy around 9k$, 8.5k$, and 8k$. What will you do?
Take care and trade/invest responsibly.
Use your mind and don't let your emotions (ab)use you.
History repeats itself in a similar manner!
PS: It's not investment advice. It's just an idea. ;-)
I propose you to check the movement after 2014 bubble pop and see the similarities by yourself.
At the moment many non-experienced players are reading FUD news and falling into the emotional trap.
We all know that it is smart to buy low and sell high, but how low and how high is the question!?
Based on the projected levels it would probably be smart to buy around 50% Fibonacci retracement.
If you can not stay by your computer and/or if you are struggling with your emotions and bankroll management there is a nice solution.
Putting buy orders around 3 different levels gives nice average price if all 3 are hit and less feeling of FOMO if you get at least upper one right.
From what I see now, I can say I will buy around 9k$, 8.5k$, and 8k$. What will you do?
Take care and trade/invest responsibly.
Use your mind and don't let your emotions (ab)use you.
History repeats itself in a similar manner!
PS: It's not investment advice. It's just an idea. ;-)
