Grayscale BTC, price action to be ready for
We will undoubtedly rebound strong from the current correction as we did in the past. When we do, keep an eye on an area of resistance at around $54. If we are unable to confirm that level as support, we will likely see another leg down.
I've learned from the past that I can't time the market and so am not a seller on the first leg down. My approach is to buy into the first downtrend. I have done much better then selling on a failed confirmation of support on the rebound. And then rebuying on the next downtrend.
Of course, make your own financial decisions. There are so many ways to trade and I recommend keeping an eye on multiple models so that you can make your best decisions on how to invest.
I've learned from the past that I can't time the market and so am not a seller on the first leg down. My approach is to buy into the first downtrend. I have done much better then selling on a failed confirmation of support on the rebound. And then rebuying on the next downtrend.
Of course, make your own financial decisions. There are so many ways to trade and I recommend keeping an eye on multiple models so that you can make your best decisions on how to invest.
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