Btc 33.8 mon 6:30am wow. https://www.cnbc.com/quotes/BTC.CM= Getting interesting, I'll nibble sub 30k this week if it gets there ... timberrrr..
Yep, it's just hit 50% drawdown from the 10-Nov high. https://bitcoincharts.com/charts/bitstampUSD#igHourlyzczsg2021-11-09ztgCzm1g200zm2g25zp That's two 50% drawdowns in under 12 months.
There is someone on ET who uses the same tactics already some time. He did already buy 10 times. Find him and calculate what the result is till today. I don't know any person who can with high probability predict where prices will be in 3 years. But some crypto fans have magical power apparently. Why don't you open a fund? People will be in queue to give you their money. Maybe google "falling knife".
If it is a real bear market with no support it is going to 10.5-14K if the previous collapses hold true. Probably sub-20K is worth buying. I'm still holding my BITO puts until I see a reason to sell.
Catching falling knifes is my super power. I pretty much do a version of this across the top 20 crypto assets and the indexes (in smaller time frames)
And BTC has the potential to be mother-of-all-TulipMania. I believe Onecoin already beat it to that. Funny thing, remember all those Onecoin maxis who were all pumped up and swore it would over-take Bitcoin? They even had world conferences for that sort of thing. It was like, the next best thing after the Nigerian Prince shit fell out of favor with scammers. Now adays, most TikTokers just blink when you ask them about those days.