It’s already come 220$ off the all time high and it appears price is currently below previous support of around 1,820 if it stays below I would expect and extension even lower while price Looks for a bottom I could be wrong but I don’t catch falling knives I’ve been doing this to long and know how to time the market correctly and to me this is getting in to premature when you could probably buy in much lower patience is a virtue I could be wrong but keep some money on the side incase it does so you can dollar cost average down from your original entry becuase you probably won’t be in profit or make any money for awhile if you buy now and it drops price will have to come all the way back up to previous all time highs and make a new one for you to make any money you could be stuck bag holding for awhile if you fuck up.
No worries, I took some decent profits on my gold and silver when the both hit all time highs well silver not an all time high but highest in recent years since it crashed after hitting 40 an oz waiting for both to come much lower to grab up a bunch for much cheaper if I bought right now I’d basically just be buying slightly below where I sold and if it dropped I’d be stuck bag holding for a long time like a fool and cost averaging down so I plan on waiting precious metals is quite a bit different then stock but similar in many ways. I could always be wrong but who knows we will see been watching it for about 6 months now and both sold off and did a little bull trap but they’re both pulling back again showing some resistance in my opinion to previous highs and looking to go lower lately.
It’s already come 220$ off the all time high and it appears price is currently below previous support of around 1,820 if it stays below I would expect and extension even lower while price Looks for a bottom I could be wrong but I don’t catch falling knives I’ve been doing this to long and know how to time the market correctly and to me this is getting in to premature when you could probably buy in much lower patience is a virtue I could be wrong but keep some money on the side incase it does so you can dollar cost average down from your original entry becuase you probably won’t be in profit or make any money for awhile if you buy now and it drops price will have to come all the way back up to previous all time highs and make a new one for you to make any money you could be stuck bag holding for awhile if you fuck up.
Thanks for the word of caution. You may well be right! In the end we'll see I guess.
No worries, I took some decent profits on my gold and silver when the both hit all time highs well silver not an all time high but highest in recent years since it crashed after hitting 40 an oz waiting for both to come much lower to grab up a bunch for much cheaper if I bought right now I’d basically just be buying slightly below where I sold and if it dropped I’d be stuck bag holding for a long time like a fool and cost averaging down so I plan on waiting precious metals is quite a bit different then stock but similar in many ways. I could always be wrong but who knows we will see been watching it for about 6 months now and both sold off and did a little bull trap but they’re both pulling back again showing some resistance in my opinion to previous highs and looking to go lower lately.