2022 btc bottom chart

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You simply cannot expect to be there at that moment when the market pukes and for a few moments offers extremely low prices. Even if you are there, you may well find your platform broken and inaccessible.

That goes for highs too, but I am sure many have suffered the problem of fast markets breaking the ability to get in or out. That will be the situation for the bottom of Bitcoin for sure. If you are a Crypto-believer, now is not the time to fret. In three years, Bitcoin will be far higher. If you want to know when to buy, the answer is little and often once you feel it is safe. If you want to try and get to the very bottom, then good luck. However, for me, if this new range is broken, I will look to re-enter after that action has passed.

That final leg should be followed by a period of sideways trading that will break the bear trend and that will be the sensible time to average in. We will see the bottom this year and when we have passed it, there will be plenty of time to tiptoe back in. I thought I'd be buying in now, but with such a clear range to guide me, I am going to let the market tell me the direction it is going rather than guess it. I think it is about to go the next leg down, but the first rule of speculation is to know that you should listen to the market because the market surely doesn't listen to you.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article. Additional disclosure: I am an active crypto investor and trader, and buy, sell and hold all kinds of cryptocurrency. I will likely have positions long and short in a number of cryptos at any given moment. Clem Chambers 4. So, what now? Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated.

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CoinDesk journalists are not allowed to purchase stock outright in DCG. Head to consensus. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April Secure Your Seat. Facebook icon Linkedin icon Twitter icon. Follow godbole17 on Twitter. Therefore, a convincing move above the average is needed to confirm a bottom. Chart analysts and traders consider it an early sign of an impending positive trend change.

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Feb 18, Bitcoin Soars, Then Retreats. CoinDesk Podcast Network.

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