You can't always win, but you can persevere

We've certainly seen a few turbulent years now. I've done my best to pick up some technical analysis tools along the way, but a string of unexpected bank failures should remind us that you can't predict the future. The world is full of chaos: we can try to identify patterns, but they should aid us instead of rule us.

As the price has continued to fall to historically low levels (from 130 in July 2022 to a current price of around 4), there have been many technical signs along the way pointing to a potential rise. In late February you began to see a strong level of support coming in, but the price didn't edge up nearly as much as expected. With the current price this low, a new investor has a potentially great opportunity - but those who bought in during the previous rise lost a lot. Inversely, those bought short positions did quite well.

When the market moves in unpredicted ways, I think it's important to assess what the purpose of the investment, and stick to strict budget. Do you need the money back quickly and therefore cut your losses and sell? Or are you willing to make a longer play and pay down your average? When your research and your technical analysis contradict, you can only go with your gut. Best of luck to all on this investment journey!