Here is actually a really interesting, exciting and very probable theory. It looks like we could double touch causing a super bullish outcome. The mirror of the trend seems to be going sideways. This is keeping 1 2 3 in line with one another. The lower low will be a very small difference. Maybe less than $1000 away.
I will start my cost averaging at 5900 in intervals of $100. So put an order at 5900, 5800, 5700, 5600, etc. until it stops going down..
Then if you want to make no risk profit, start price averaging your sells above $6000,$6100, $6200, etc. That is the safest way If you still believe the market will be going down. I'm going to take a little bit more risk, and set sell orders at least 80% more then what I bought the coin for.
"Don't use your emotions" <- means: If you make a decision because you want/hope BTC to increase in value then you're doing it wrong. Keep your feelings out of the trade.
Remember "people never learn", "History always repeats", "Buy when you hate it, Sell when you love it" ,
Not an Expert! GL May the Trends Be With You!
I will start my cost averaging at 5900 in intervals of $100. So put an order at 5900, 5800, 5700, 5600, etc. until it stops going down..
Then if you want to make no risk profit, start price averaging your sells above $6000,$6100, $6200, etc. That is the safest way If you still believe the market will be going down. I'm going to take a little bit more risk, and set sell orders at least 80% more then what I bought the coin for.
"Don't use your emotions" <- means: If you make a decision because you want/hope BTC to increase in value then you're doing it wrong. Keep your feelings out of the trade.
Remember "people never learn", "History always repeats", "Buy when you hate it, Sell when you love it" ,
Not an Expert! GL May the Trends Be With You!
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So far so good!
