Just wanted to share a post of what I think/am going to do. I have pretty much all my money in crypto so this pullback definitely hurts, but I am not too worried about this price action yet. Luckily my parents want to get involved in crypto so they sent me some money and I will look to take advantage of this pain and hopefully turn it into a bigger gain.
This is a rough drawing( I know it ain't pretty haha) of what I predict might happen. I think we will have one more leg down that will possibly pierce through 2300 with some slippage, but ultimately continue to respect this trend line and continue the move forward. I will be looking to scoop up more bitcoins around the blue circle area. If this happens, it will be roughly a 25% retracement from the 3000 high and seems to be a fair estimate of where the current pullbacks for bitcoin go to. This isn't advice, just sharing my plans. Thank you and good luck. Let me know what you guys think?
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