7 Comments
User's avatar
Reader's avatar

Great idea to use support lines, but overall when do you know how to start investing? Like how did you know that 7-10 and 19-27,000 USD is a good area to start accumulating?

Expand full comment
Stefan Erben's avatar

Good question. I could tell you that I use a specific indicator like the MVRV Z-score, but that would be a lie. Yes, I look at those metrics too, but I pay attention to the following things:

- If no one is interested in crypto, the Instagram page has no engagement, and the company's revenue is at an all-time low - then I know it's a good time.

- Another important thing I look for is that it has to be boring. This means that after a month-long decline in the share price, there always comes a point where absolutely nothing happens. If you follow our Telegram channel, you'll see that we've been posting about the latest developments in cryptocurrency since 2018. When it becomes difficult to find something to update people on because absolutely NOTHING interesting is happening - that's when I know it's a good time.

I hope this helped a little bit!

Expand full comment
Reader's avatar

Thank you for the explaination (: Great to learn this from you

Expand full comment
Alfred's avatar

If you have more after the bear market than before 🔥

Expand full comment
Stefan Erben's avatar

People are always looking for the best way to multiply their money, but they forget that it is even more important to avoid major losses!

Expand full comment
Pedro Monte's avatar

Another great article! Love the strategy shared!

Expand full comment
Stefan Erben's avatar

Thanks for the support Pedro!

Expand full comment