I'm waiting for a 50MA breakout on the 1 week time frame to buy , it's one of the best indicators around for big investor money coming in, and it signals a reversal in the market.
We haven't gone past the 20MA on the 1 Week timeframe, this is the MA that has been a signal of dump the whole bear market, I would pay close attention to it since it's now at around 4300$ and can, if the support doesn't hold, push us down...
I disagree with you on the "ven if we retest the lows and break them, I don't see much downside below $3k ", we can go down as low as 2500, 1800, 1100, im pointing to 1800$, but like I said I'll only buy on the 50Ma on 1W breakout, why do I think this?? in normal markets the 200MA on the 1W time frame is a strong support and the price only goes through it after bubbles, but once it does we are looking at a drop of 50%... Go look at the dotcom bubble and house market bubble, the price dropped like crazy after it broke...
Even if your numbers are correct, and there is 50% downside from current prices, my statement still holds true when I see possible returns of 10x from current levels within the next 2 years. If you buy and your investment goes down by 50%, it's not fun, but ultimately won't matter if we are going to $30k-$40k within the next 2 years like I believe.
True true, it won't matter we will still both make profit, 40k in 2 years I can see that... I would go for ATH in 2023 at 100k is it too hopefull xD ?
Nope. I could see it. I could also see it happening within the next 2 years. My $30k-$40k call is my base case. Optimistic call says $100k by end of 2020.