Bitcoin continues to hold the 60k levels, and by the weekly candles, any and all dips are being bought up.
However the market does not feel over exuberant and so in my opinion there is room to run here.
The next level of importance is around 92-95k, so for me I am slowly stepping in for the next move to the 90's.
Any move into the mid to low 50's is an area for me to add another position. I am not buying BTC outright anymore, just too much complications with taxes, I am buying BITO through my brokerage account.
My overall target in this run is around 130k, so I really like the low 50's for a potential 3 bagger. That does not imply I am holding for 130k as I do ever big rally I will be shaving off into the last leg when everyone is banging the table for higher prices.
Keep in mind this is not a day or swing trade, this is clearly a position trade. I am looking at the weekly candles, not following a 15 minute chart and screaming at everyone.
I play the long slow game and if you have been following me for the last 8 years I have proven it works!
Good to be back, will be posting more
However the market does not feel over exuberant and so in my opinion there is room to run here.
The next level of importance is around 92-95k, so for me I am slowly stepping in for the next move to the 90's.
Any move into the mid to low 50's is an area for me to add another position. I am not buying BTC outright anymore, just too much complications with taxes, I am buying BITO through my brokerage account.
My overall target in this run is around 130k, so I really like the low 50's for a potential 3 bagger. That does not imply I am holding for 130k as I do ever big rally I will be shaving off into the last leg when everyone is banging the table for higher prices.
Keep in mind this is not a day or swing trade, this is clearly a position trade. I am looking at the weekly candles, not following a 15 minute chart and screaming at everyone.
I play the long slow game and if you have been following me for the last 8 years I have proven it works!
Good to be back, will be posting more