Bitcoin prices are going down. This is the perfect opportunity to aquire more coins at a cheaper cost. But how do you do it like a pro? It's quite simple. Bitcoin is at around $4000 now, so lets find out when to accumulate bitcoins.
Nobody knows how low it will go, so the idea is only to accumulate a small percentage on each step down the ladder. I have marked the areas on the chart above with the prices that give the best buying opputunities.
Of the free cash I have available:
I will spend 30% at $3400
I will spend 40% at $3000
I will spend 30% at $2000
At $2000 I will be 100% invested with all my available capital. I dont see the price going that low, but $3000 might be a possible price. So set them orders up now, and start accumulating coins.
The ABCD retracement to the downside is $3650, based on Poloniex chart. Usually a good spot to enter trade. I'd attach a pic, if I knew how.
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