Looking at the weekly chart on $Hex, we can see it still contained within the triangle with it's support trendline starting back from near inception. Although it looks tempting to dollar cost average here, the best thing to do is to continue waiting patiently. King Richard Heart is calling for 11k Bitcoin, which means I'm expecting a breakout to the downside in the upcoming weeks. The pink zone ($0.022 - $0.014) is my 'load the fuck up' zone, and my current plan is to wait patiently for $Hex to breakdown to this support area around September - October. Additionally, the correction wave (yellow line) has yet to be completed, and the 'C' wave will likely end in the pink 'load the fuck up zone'.
If you look at the RSI it still has yet to hit oversold territory. The white line is my prediction for what to expect in the upcoming months where I believe the bottom will be in around March 2023. It's not a bad idea to DCA here, but I believe better prices are approaching in the upcoming weeks.
In the meantime, if you have a large supply of liquid $Hex then consider staking for a year and build up another large sum in the upcoming months as prices get cheaper.
Not financial advise just an idea. I'll be looking to update this post in the upcoming months as more things develop.
If you look at the RSI it still has yet to hit oversold territory. The white line is my prediction for what to expect in the upcoming months where I believe the bottom will be in around March 2023. It's not a bad idea to DCA here, but I believe better prices are approaching in the upcoming weeks.
In the meantime, if you have a large supply of liquid $Hex then consider staking for a year and build up another large sum in the upcoming months as prices get cheaper.
Not financial advise just an idea. I'll be looking to update this post in the upcoming months as more things develop.