Casual investors lose a lot of money because they are impatient and neurotic, they are used to feel the instant gratification of a semi-permanent bullish market, selling at lose when their position price drop 5%.
But this is not how the markets work. You can't do trend lines over the few days movement as a discrete system. It is true the market price behave in cycles and has fractal properties, you can find this cycles and waves at a microscopic level every few minutes. But digital markets are complex and continuous, the only way to make sense of them is looking at the whole picture with a telescope.
It's very clear we are right now at the end of the first wave of a bullish pattern and we are not sure where the bottom is, probably in the zone of 220.
But if you are thinking of buying right now is the time to do it. We will probably never again bargain prices under $250.
But this is not how the markets work. You can't do trend lines over the few days movement as a discrete system. It is true the market price behave in cycles and has fractal properties, you can find this cycles and waves at a microscopic level every few minutes. But digital markets are complex and continuous, the only way to make sense of them is looking at the whole picture with a telescope.
It's very clear we are right now at the end of the first wave of a bullish pattern and we are not sure where the bottom is, probably in the zone of 220.
But if you are thinking of buying right now is the time to do it. We will probably never again bargain prices under $250.
Comment:
Bottom hit?