Simple little chart about BTC (and any asset) and just very basic trend lines about basing (phase 0), slowly rising (phase 1), creating a bullish environment (phase 2), and then, mooning (phase 3).
I want to be bullish, and I am not doubt long term bullish in Bitcoin. I just think some more downside action to go as we need to base more and slowly rise.
I am not the bear, thinking (dreaming) about $5k prices. I think $7,700, getting a higher lower, maybe $8,300.
How many of us out there are thinking the same thing? Another dip, good opportunity to buy. Who is not going to buy at $8k? What about $7,500? All of us will look at these levels in one year and realize we should have just bought the floor. Even buying here at $8,600 and letting it roll a few months, halving and short time thereafter, and it will look like a great buy.
So, no, we are not about to moon. But we are not going into another bear market either. Leveraged buying down, making smart decisions with your capital here expecting (knowing) we are about to go into a crazy bull cycle, might just be the best trade we can make at these moments. Just when we sell off 10% or more in the coming days, weeks, or a month, know that there are tons of us out there just waiting to buy at any cheaper than the current price.
Plan accordingly.
I want to be bullish, and I am not doubt long term bullish in Bitcoin. I just think some more downside action to go as we need to base more and slowly rise.
I am not the bear, thinking (dreaming) about $5k prices. I think $7,700, getting a higher lower, maybe $8,300.
How many of us out there are thinking the same thing? Another dip, good opportunity to buy. Who is not going to buy at $8k? What about $7,500? All of us will look at these levels in one year and realize we should have just bought the floor. Even buying here at $8,600 and letting it roll a few months, halving and short time thereafter, and it will look like a great buy.
So, no, we are not about to moon. But we are not going into another bear market either. Leveraged buying down, making smart decisions with your capital here expecting (knowing) we are about to go into a crazy bull cycle, might just be the best trade we can make at these moments. Just when we sell off 10% or more in the coming days, weeks, or a month, know that there are tons of us out there just waiting to buy at any cheaper than the current price.
Plan accordingly.