As the market continues to defy gravity and just keep on falling with no obvious stop in place, it might look like the right time to go bankrupt in fiat, bit have a shit ton of crypto.

But should you really ONLY be buying now?

Many people online have said that they'll buy just about any dip, but I personally have a way to go about it that is more efficient. I'll explain it later.

But I'll first ask: "Doesn't it look like Bitcoin has established a new range?"

Think about it. The previous range was from the 9k-8.5k levels. Then we broke that down to the 6k-7.5k levels. Then we didn't even get to see the 6k-5k levels as we broke down to 3.8k-4k, and them recovered to see 4k-5.3k.

All in all, we have had about 5 range changes in the last 2 weeks. Neither generally for the better.

Here's what I think. I think that people who have never experienced a market correction before continue buying in the hope that Bitcoin would really back to $10k soon.

I hate to burst your bubble, but Bitcoin might not taste even 8k this year. This is one of the deepest correction in Bitcoin's history, and if you're buying solely to see $10k next month, you're doing it wrong.

You can still trade BTC having figured out its new range. But any long positions you enter right now should be seen as investments that you might have to hold on to for longer than 2 years. At least a year.

Which is why if you're getting in with $50 positions every crack you see, you're doing it wrong.

Here's the method I proposed earlier, and what I'm currently practicing.

Set aside a particular amount that you wish to invest in for the long term. It might be $1000. It might be $10000. It might be taking a second mortgage on your house. Whichever suits your fast and furious lifestyle.

Next, divide that money into 3 parts. The first buying spit you should be targeting should be the median of the previous two lows.

So say the previous two lows were at 4500 and 4900. You would want to take the median price of those two prices as your first buy spot.

Your second buy spot should be the lowest low. That is, the lowest low that you can see on the chart for the last two days. It might look uncertain that that order would be filled, but you'll be surprised when you catch flash crashes.

Lastly, the last order should be at a spot you don't expect the price to go to in the short term. I'm not talking $0.01, because it's very unlikely that the whales would see that price coming and not step in.

But I mean supports from 4 years ago. Supports like the $2500 or 3250. The price won't tend to last long at these levels if it does hit those levels, but if your order gets filled you know you got a great investment for the long term.

Thanks for reading, and thank you for 900 followers!