This is my current zone where I would like to see BTC in the next few months. According to the cycle that is going on in BTC thanks to its halving, in my opinion and the prediction of my technical analysis of the price action, we could get in this zone in the currently ongoing bear market, accumulate considerable strength and create a new structure for the upcoming uptrend cycle
TRADING has its main rules of success but laid out clearly, we cannot trade what we would like to see but what we currently see. That's why I would like to slowly start accumulating mainly BTC and ETH together with you in the next few weeks to months
This market is extremely unpredictable, especially in the phase of the bear cycle, so I will reduce the risk by allocating the largest part of the capital to BTC, which statistically loses the least in a bear market.
Because I don't want to catch the complete or exact bottom. I will continuously send buying orders for approximately 5-10% of the portfolio for a longer period of time
We will definitely cover altcion trading in USDT. At the moment, buying smaller altcoins for a longer period of time seems to me mainly from the point of view of cyclicality, currently still very risky
At a later stage we will focus on Bitcoin dominance and watch ALTCOIN SEASONS. These market phases will allow us to earn the most, move capital from BTC to smaller coins for high appreciation in a fairly short time
SEE YOU SOON
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US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit. We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates
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Dollar created a new low at 105.3 zone, this morning rebounded and goes up for retest our previous point of interest, if dollar break through, we may see 12-14K$ per BTC maybe at mid-December
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Currently in the new week, we are holding at around $16,000. This week we have the release of the Fed Minutes which may significantly influence the current strength of the dollar and send it higher to levels around 109
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Bitcion is still stuck in a range, in America it was Thanksgiving so the market was low volume
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This week will be very volatile I expect an uptrend in December
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Although I was expecting a slight uptrend in December in the overall markets mainly due to the seasonality of the last 20 years, December did not offer a green scenario just because paradoxically a very lazy month when the price wandered more or less sideways
@m_amin76to, This week will be very volatile I expect an uptrend in December
deadrunner
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it's a very bold assumption, I think the price of 10k is the last minimum I would expect,I also think that we should start buying gradually now
Crypto-Frantisek
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@deadrunner, Yes, right now, the dollar cost average strategy seems to me to be the most suitable way to scale into markets, as you can see in the description above, it is not good at all to catch an imaginary bottom, things are developing
deadrunner
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@Crypto-Frantisek, and when will you do your biggest shopping please? at what level?