If you want to buy in, for lower risk, wait till you get confirmation the market is in an uptrend.
Clearly, now, it is in a downtrend. Guessing where it will bounce will have the odds against you. Entering a trade costs money and losing because of a bad entry really is not smart.
So, ignoring my lack of artistic skills, you can see clearly the market goes;
1 UP
2 DOWN
3 CONSOLIDATES (indecision)
4 DOWN
5 ???
So we are waiting for 5 ???? what it will be, when it will happen.. just wait for confirmation unless you got lots of money to throw away.
Things move fast in the crypto world.
It can easily go below $1.00 before the end of the year given the long ICO period.
How low will it go over what period of time?
You are viewing on a weekly chart... are you looking long term?
Looking long term, whats the best price to buy in??
Here is the deal
If you want to buy in, for lower risk, wait till you get confirmation the market is in an uptrend.
Clearly, now, it is in a downtrend. Guessing where it will bounce will have the odds against you. Entering a trade costs money and losing because of a bad entry really is not smart.
So, ignoring my lack of artistic skills, you can see clearly the market goes;
1 UP
2 DOWN
3 CONSOLIDATES (indecision)
4 DOWN
5 ???
So we are waiting for 5 ???? what it will be, when it will happen.. just wait for confirmation unless you got lots of money to throw away.
I think below 1.97 $
Ok awesome.
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