Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart; you'll see that we went a bit further down from what I thought was the bottom. This is exactly why I say no one can time the top and bottom perfectly. $12 was what I thought to be the bottom as we touched the 0.238 fib however we got another leg down. If this is one of your favorite coin, then the play would be to dollar cost average in. If you were willing to buy at $12 and it went lower to $7.5 then you should add more because this is a 40% discount. I do not recommend doing this to all of the coins you like, but only to your favorite ones; unless you have infinite money. This is not financial advice.
Link to previous chart:
If you press play on the previous chart; you'll see that we went a bit further down from what I thought was the bottom. This is exactly why I say no one can time the top and bottom perfectly. $12 was what I thought to be the bottom as we touched the 0.238 fib however we got another leg down. If this is one of your favorite coin, then the play would be to dollar cost average in. If you were willing to buy at $12 and it went lower to $7.5 then you should add more because this is a 40% discount. I do not recommend doing this to all of the coins you like, but only to your favorite ones; unless you have infinite money. This is not financial advice.