Markets are very much a psychological game. As I mentioned, personally, I will look towards stabilizing after a drop below $15K... with a best-case scenario being it actually goes up from there. Chances are it will be a drawn-out sideways chop within a fairly decent range, providing some good trading opportunities. Ideally, this is when long-term investors can begin utilizing the DCA approach. Doesn't make much sense when a market is falling. However, this would be a good time to DCA.
It can always drop a little lower over time but I think if we get a decent correction now, it will be a fairly safe place to begin looking forward... #NFA 😉😎
Thanks for sharing your analysis. I continue to DCA and am happy to get cheaper prices! My shovel is ready to scoop up more!
Sure thing mate! 😎
Interesting, but makes sense. When do we know it's really "time for hope" again?
Markets are very much a psychological game. As I mentioned, personally, I will look towards stabilizing after a drop below $15K... with a best-case scenario being it actually goes up from there. Chances are it will be a drawn-out sideways chop within a fairly decent range, providing some good trading opportunities. Ideally, this is when long-term investors can begin utilizing the DCA approach. Doesn't make much sense when a market is falling. However, this would be a good time to DCA.
It can always drop a little lower over time but I think if we get a decent correction now, it will be a fairly safe place to begin looking forward... #NFA 😉😎