THE PLAN - Accumulate as much as you can!
Its time for PLAN B!
We made a higher high and then we had a sharp breakdown - sound familiar? Last time this happened was around the time of the CHINA Pump.
We then fell below the 21 EMA (yellow line) before entering a falling wedge structure with a breakout from the purple line.
I believe the same will happen again. I do not believe we are falling to lower lows than the 6k - 7k area. There are too many hodlers and we have
made a base similar to that of the 2018 3k base - and we never revisited that area.
I believe therefore that between March and until around April 20th there is an opportunity to get unbelievably cheap Bitcoin. I personally see a fair bit of
support around the $8300 area but am willing to concede we may go lower than that as the sentiment is FEAR now, and hell yeah I am willing to BUY in this area. You do you - this is not financial advice :) My line in the sand is $7400 Yellow line I cannot see us breaching this.
As for the alts, well you will need take a back seat here, things can get much worse. The first phase of alt season has ended, now you have to pick quality alts like ETH or LINK TEZOS I think its worth getting some of these. But my first choice is of course Bitcoin. I see the pattern I have the plan, now its time to act.
Good luck out there!
We made a higher high and then we had a sharp breakdown - sound familiar? Last time this happened was around the time of the CHINA Pump.
We then fell below the 21 EMA (yellow line) before entering a falling wedge structure with a breakout from the purple line.
I believe the same will happen again. I do not believe we are falling to lower lows than the 6k - 7k area. There are too many hodlers and we have
made a base similar to that of the 2018 3k base - and we never revisited that area.
I believe therefore that between March and until around April 20th there is an opportunity to get unbelievably cheap Bitcoin. I personally see a fair bit of
support around the $8300 area but am willing to concede we may go lower than that as the sentiment is FEAR now, and hell yeah I am willing to BUY in this area. You do you - this is not financial advice :) My line in the sand is $7400 Yellow line I cannot see us breaching this.
As for the alts, well you will need take a back seat here, things can get much worse. The first phase of alt season has ended, now you have to pick quality alts like ETH or LINK TEZOS I think its worth getting some of these. But my first choice is of course Bitcoin. I see the pattern I have the plan, now its time to act.
Good luck out there!
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