The only reasonable decision to go long here is if you are betting on this type of scenario.
Then yea, we got 155%+ upside potential from 34500 and 43% downside to previous ATH.
The risk/reward ratio is there to buy some for the long term.
However, not saying we will not reverse here and go down - because anything can happen.
I would happily buy more below 20k, and the more it drops the more I buy and just wait - zero emotions attached.
Longed some here - and if drop happens not going to cry about it and just buy more.
If we go up - I'm not missing out just because I had a bearish bias in the short-term when the market proves me being wrong.
Then yea, we got 155%+ upside potential from 34500 and 43% downside to previous ATH.
The risk/reward ratio is there to buy some for the long term.
However, not saying we will not reverse here and go down - because anything can happen.
I would happily buy more below 20k, and the more it drops the more I buy and just wait - zero emotions attached.
Longed some here - and if drop happens not going to cry about it and just buy more.
If we go up - I'm not missing out just because I had a bearish bias in the short-term when the market proves me being wrong.