We had it wrong all along! "Nostradamus was a great historian."
Updated
Based on my previous graphs. My theory still stands, keeping my patience, and believing the first piece of advice I got when I started trading - "History always repeats itself, and people never learn".
The pattern is still continuing. Once the 3rd circle completes well have a final drop for the finally. This will be the final crash till the summer correction, so make sure to get your buys in at the bottom.
There are two different buy zones that could potentially play out.
1) Bottom Blue support line intersection area around $6800 and a second blue intersection line around $4000.
2) Use the red support lines as a measurement tool for how much more risk you're willing to wait before FOMO kicks in.
Personally I will make buy orders in between both blue lines so around $5000 to $5600
However, something might happen, so I might change my mind to a lower buy order. I will update as needed :)
What made me come to these conclusions?
- My previous publishing's talk about that more, however I'll list a few briefly.
1) Lots of FUD
2) People were still too cocky about Bitcoin, " get in when you hate the market, get out when you love the market"
Bitcoin correcting now, and reaching a new bottom is very healthy for crypto, we can now grow slow and steady. Could be many years before we see a crash like this again, or maybe it is a 4 year cycle that reoccurs? I guess we'll find out :)
I'm not an expert, how can someone be an expert when crypto trading hasn't been around for over 10 years. If someone tells you they are an expert on this, well, I'm afraid you have been fooled if you haven't noticed by now...
The pattern is still continuing. Once the 3rd circle completes well have a final drop for the finally. This will be the final crash till the summer correction, so make sure to get your buys in at the bottom.
There are two different buy zones that could potentially play out.
1) Bottom Blue support line intersection area around $6800 and a second blue intersection line around $4000.
2) Use the red support lines as a measurement tool for how much more risk you're willing to wait before FOMO kicks in.
Personally I will make buy orders in between both blue lines so around $5000 to $5600
However, something might happen, so I might change my mind to a lower buy order. I will update as needed :)
What made me come to these conclusions?
- My previous publishing's talk about that more, however I'll list a few briefly.
1) Lots of FUD
2) People were still too cocky about Bitcoin, " get in when you hate the market, get out when you love the market"
Bitcoin correcting now, and reaching a new bottom is very healthy for crypto, we can now grow slow and steady. Could be many years before we see a crash like this again, or maybe it is a 4 year cycle that reoccurs? I guess we'll find out :)
I'm not an expert, how can someone be an expert when crypto trading hasn't been around for over 10 years. If someone tells you they are an expert on this, well, I'm afraid you have been fooled if you haven't noticed by now...
Note
Here is BTC, I see a hammer! This is actually really bullish every time I have seen this! Could try to reach the next support, but maybe only temporary. The hammer, so far from what I have seen has reversed BTC every single time.. I'm still waiting on my original buys. I'm going to stick with my original idea, and watch this play out. If hammer reverses BTC then I will start to put my money in more often during hammer formations. Note
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