Monthly is technically bullish, but prices are high :/
What's up guys!
I have been extremely busy lately. I am working on a 100 page trading book and doing math research. My free time is more sparse than I'd like! That's a lie though, I love what I am doing. Anyways, before we get into this, I would suggest getting involved with me everywhere you can as I am least active here and have a lot of free information to share.
Well, it's like this: the monthly and weekly charts are quite bullish, however price has simply jumped too far for my liking. I recommended a long time ago that getting in on the first monthly green ashi close would be a good place to start buying for your hodl. I maintain this position.
I am not entirely convinced that the bear market is just over, but it very well could be. I think the probability is about 50/50. What I will say is that I have a 20 page report I shared with people in my discord that said buying bitcoin in the high 3k range was a decent place to buy bitcoin. It's a good read, I'd recommend it if you haven't read any bitcoin literature.
There are two options: 1) start DCA-ing here for your hodl position 2) wait for a pull back to buy and re-enter on a new series of green ashis.
Personally, I believe we will see the 4k level again, but it is by no means a guarantee. What I will say for all of those who are starting to feel fomo: it is very easy to make money in a bull market and they last longer than a few weeks. There will be time. Just be patient and be smart and all will be well.
Thanks for reading!
-YoungShkreli
I have been extremely busy lately. I am working on a 100 page trading book and doing math research. My free time is more sparse than I'd like! That's a lie though, I love what I am doing. Anyways, before we get into this, I would suggest getting involved with me everywhere you can as I am least active here and have a lot of free information to share.
Well, it's like this: the monthly and weekly charts are quite bullish, however price has simply jumped too far for my liking. I recommended a long time ago that getting in on the first monthly green ashi close would be a good place to start buying for your hodl. I maintain this position.
I am not entirely convinced that the bear market is just over, but it very well could be. I think the probability is about 50/50. What I will say is that I have a 20 page report I shared with people in my discord that said buying bitcoin in the high 3k range was a decent place to buy bitcoin. It's a good read, I'd recommend it if you haven't read any bitcoin literature.
There are two options: 1) start DCA-ing here for your hodl position 2) wait for a pull back to buy and re-enter on a new series of green ashis.
Personally, I believe we will see the 4k level again, but it is by no means a guarantee. What I will say for all of those who are starting to feel fomo: it is very easy to make money in a bull market and they last longer than a few weeks. There will be time. Just be patient and be smart and all will be well.
Thanks for reading!
-YoungShkreli
Comment:
I am expecting the top of this rally to come in around 6400. I am expecting a return to 3500. That doesn't mean it isn't smart to buy here regardless. Follow the strategies that work and have more than one.
Comment:
bull confirmed as far as i can tell. Higher high, will be near certain if we v bottom on the next correction