Personal outlook - Not investment advice, serves as a note to keep track.
This is focused on optimizing the process of dollar cost averaging into Bitcoin. The initial buy in (~15%) to be placed at the 50 week moving average expected in November. The second buy (~20%) to be placed at the long time support around 5900 which may coincide with the 200 week moving average coming up by January 2020. If this strong support breaks (unlikely) add %25 around 4500-5000 if the MACD is signaling a cross (April 2020). As this is now fairly well positioned for the long term, only add ~10% more whenever a correction above 25% occurs, preferably in August or November 2020.
Closing Strategy: DAI
This is focused on optimizing the process of dollar cost averaging into Bitcoin. The initial buy in (~15%) to be placed at the 50 week moving average expected in November. The second buy (~20%) to be placed at the long time support around 5900 which may coincide with the 200 week moving average coming up by January 2020. If this strong support breaks (unlikely) add %25 around 4500-5000 if the MACD is signaling a cross (April 2020). As this is now fairly well positioned for the long term, only add ~10% more whenever a correction above 25% occurs, preferably in August or November 2020.
Closing Strategy: DAI
Comment:
I could see BTC reaching 45-50k in February, but a significant pullback is expected within the next months.
Even if Tether explodes, I don't see BTC below 21k ever again.
Even if Tether explodes, I don't see BTC below 21k ever again.
Comment:
New Target for July: 75k BTC
Early outbreak related to recent OCC announcement regarding national bank crypto custody.
Retracement to 8000 levels is possible, but getting less likely with the increasingly capital bullish world.