This is getting very, very reminiscent of the last bear market both price trajectory but also our very own WO thread activity. We’re going back to 2015 levels of posting. It’s totally dying in here which is possibly a good sign to tell you the bottom might be in or at least very close.
On a large scale, the downtrend is flattening... until now.A common error of traders is that they want to catch the very bottom.
You don't NEED that. Actually, unless you're the big whale(or group) that's moving the price you probably won't manage to "catch the falling knife".
Instead of that, near the bottom there's plenty of time to think and make a good decision to buy and make a good profit with lower risk of missing out.
That's way I bought on the way down. There is a good chance the price will go down further but... damn... I even bought when it was 12-13k... now it's time to make decisions!You don't NEED that. Actually, unless you're the big whale(or group) that's moving the price you probably won't manage to "catch the falling knife".
Instead of that, near the bottom there's plenty of time to think and make a good decision to buy and make a good profit with lower risk of missing out.
Safest to buy when the price has doubled from the lows, over at least a few months.Then you are with the trend.
It will be a bit of a wait now, because we are still in the downtrend. It is psychologically damaging to buy a downtrend, but if you think you can cope, go ahead ! Patience required.