Fractal from 2015's double pico bottom
I will stack FIAT until :
a)1-2 months of Consolidation above 31k
b) price sub 17.5k
Capital preservation strategy. If i rush now i may feel regret in the coming months due to price swings. Now is time for me to sit and wait...
Other pico bottom indicators already tested: 200 MA, Bitcoin production cost, 4Y simple moving average. Very unlikely to touch low 17,5k soon but possible in several weeks more according to the fractal.
I will stack FIAT until :
a)1-2 months of Consolidation above 31k
b) price sub 17.5k
Capital preservation strategy. If i rush now i may feel regret in the coming months due to price swings. Now is time for me to sit and wait...
Other pico bottom indicators already tested: 200 MA, Bitcoin production cost, 4Y simple moving average. Very unlikely to touch low 17,5k soon but possible in several weeks more according to the fractal.
Comment:
ofc i don't have ideas of pico top to the next cycle yet, 700k sounds very hard from here, but maybe at that very moment, everyone would be calling 1Milli marking the exact pico top and begging of a new bear domination.