/biz/ - Business & Finance

>>13517137
See, that's the hard part. Every time I've tried to call a top (or a bottom) I've lost money. In 2017 when it hit 7000, I sold and ended up buying back in around 8000 thinking sure the top was almost in then it just kept going. Just like there are people on this board right now that sold at 3100 and still haven't bought back in. In my opinion, if you only have 1 or 2 bitcoins and you want to Make It™ is only play longs. Wait for alt season and do everything you can to catch a couple of 10x's. Do that and your prayers are answered. Note here that you will not be trying to catch a top of anything, just try to get in on a coin as it's making its run up. After you've 5x'd or 10x'd or whatever, get back to bitcoin and look for the next one. I think we're a ways off before alt season but it's coming. Just remember, shorting, calling tops, bottoms, etc. is a fool's game. Some will get lucky but most will just lose their money.
>>13517147
I would look back through the chart for previous mini capitulation events and try to get a feel for how far below the capitulation buyers are waiting before coming back in. Let's say a coin typically dips 20% before bouncing. I'll then look for the last capitulation even is on the chart that has not been tested yet. I will set an alert 20% below that spot and if the chart goes there, my alert goes off and I buy. A little less your chart and a little more mine. The yellow lines are the support spots I expect to be new resistance. When the chart dips below those lines, I start thinking about buying. When it looks like a panic is setting in, I pull the trigger.