The next big BTC down move will show the path forward. Will it be a retracement or another crash?
EMERGENCY UPDATE: Oops! This is the best case scenario now. If 3500$ is breached significantly, get ready for the final drop to new lows...
The only good thing about this is, that wave C did not breach the high of wave A. That is called a truncated wave C. This is rare and reduces the probability of a crash and increased the chance of a retracement.
Most analysts are still in favour of the crash. I am neutral.
If we see a bounce in the expected retracement area, I will buy another stack of cryptos using 50% of my remaining investment capital. That is called cost averaging. The other half is for buying @ 1800$ if we get that low.
If you don't keep buying until there is a low, you are missing out on the biggest part of the profit. That is, if you believe as I do, that crypto will have at least one (or many) further bullcycle(s).
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