Marc De Mesel: Golden Retrace at $7500 BTC Great Buy Target To Correct Mistakes
Removed "Double Bottom" Buy In target at $3500/BTC, and added a higher one "Golden Retrace" at $7500/BTC, just in case a strong bull has started and we won't go any lower. The second and third target "New High in Undervaluation" at $4500 and "New Bottom" at $1800, stay the same.
Golden Retrace, very likely to hit according to Kevin Svenson, falls together with 35% undervaluation on Trololo chart, if it were to happen next month. This is good point to correct big past mistakes, such as making sure to go to majority crypto allocation during bear, or in my case, invest also in ETH, as it may outperform BCH and become the "winner take all" crypto of the future due to network effect so typical for currencies.
Since crypto's during bull also pump independent from each other it's good to have a couple so you can sell more tops in exchange for one another or diversify into smaller coins that did not go up yet.
Links:
Kevin Svenson: My Bitcoin BUY TARGET (Golden Retrace):
https://www.youtube.com/watch?v=m0hTFhBIbbI&t
Google Sheet (copy to new sheet to change yellow numbers): https://docs.google.com/spreadsheets/d/1WSeePxcqVyZ__99I-
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