- POTENTIAL ENTRY POINTS, HAS THE REPRICE BEEN ENOUGH?
- MOST OTHER ALTCOINS 1 FIB LEVEL DOWN FROM ETHEREUM
Bitcoin shot down last night continuing it's drag on the rest of the market, spiking back up after nearly hitting $9000. Investors should be more comfortable with this level of repricing, though I don't see why one more huge surge down isn't a possibility.
For myself I'm doing stepped entry into the major cryptos. Buy a little now, if it surges down again, buy more back when it's further down. This way I won't miss out if this is the true bottom, and if it bottoms out further I still have more funds for a lower price entry.
Ethereum has shown a lot of strength through recent price declines bouncing back up to the .5 to .618 fib levels. Ethereum Class has also done this, whereas Litecoin, Dash and Ripple are one level lower between .618 and .786.
Still very much looking to confirm support at current price levels for all coins.
And now for the disclaimer!
** This information is for educational purposes only and not intended for advice on trading **