I've probably lost 100% of the gains I've made since I started investing in crypto this year, but those mistakes have brought me to where I am now. Here is my first chart on the one big daddy, Bitcoin. I was blinded by my profits from the last mini bull run that I failed to recognize that we were still in a bear market at a critical resistance point and didn't liquidate any of my assets. Well I think I've learned my lesson (hopefully) and will play the market instead of letting it play me.
We might either rally from here which is unlikely therefore I am expecting a break of the previous support at ~5750 to further validate the lower 5k zone.
I'm looking to ladder my buys from here down to 4.8k-5k which is where I think we can potentially see a reversal happen to around the 7k range before taking one last tumble to the real bottom. As always, feel free to share your ideas. Oh and by the way I don't know any technical analysis, I just draw lines and connect the points.
Thanks for reading :)
We might either rally from here which is unlikely therefore I am expecting a break of the previous support at ~5750 to further validate the lower 5k zone.
I'm looking to ladder my buys from here down to 4.8k-5k which is where I think we can potentially see a reversal happen to around the 7k range before taking one last tumble to the real bottom. As always, feel free to share your ideas. Oh and by the way I don't know any technical analysis, I just draw lines and connect the points.
Thanks for reading :)