Red trend lines are important. Most important 0.618 Fibonacci level!
In next month we might break 0.786 Fibonacci level (6000$) and come with V shaped bottom at 0.618 Fibonacci (4800$) to make a jump into new rally with possible final target at 1.618 Fibonacci (12230$)
@fayyad, This chart is beautiful I could NOT ignore the profound artistic value. It is GORGEOUS. I gave it an AGREE strictly for the hard work you vested into the work, Fayyad
If I bought @ 6400 , do you think it is wise to cut losses now and buy lower ?
I am in 350$ loss
Kurd0w
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@MagdyEl-Nidany, Follow capital management!
For now just enter with 25% of your total investment portofolio! When we at fibi 61.8 you can add 40% of whats left of your capital!
ibarba
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@MagdyEl-Nidany, just buy more lower. do not cut losses on btc. long term = gains = win!!
ArShevelev
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@MagdyEl-Nidany, Previous comment pretty good, so try to learn while you have time
TradeClass
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@MagdyEl-Nidany, I would hate to give you bad advice. So allow me to explain MY THINKING. If your capital trapped as COIN at a higher level is a majority of your trading funds, then it MIGHT make sense to cut them loose so you have more capital to trade at a lower level. Mind you, if you have a lot of liquid funds still available, it might be a bad move to take the loss. This is because the loss would be for nothing if the price does NOT fall more.
Thus is the nature of gambling with cyrpto trades.
I have my own rule of 20/80 when trading.
I have to be 75% percent (or more) sure that a price will hit a target before I do or do NOT do a trade. (75% is within a standard deviation of 80.. hence the rule of 20/80)
tradingviewcryptos
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You are the King of Flip Flops. lol.
bokeb
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So no more champagne and hookers? They will have to wait for the spring which has not yet completed after all?
- I'm ok with this, just this chart is a bit of a 180 from your previous one. Care to explain the change of heart?