"The Sustainable Growth Channel" Buy Low ?
Hi all
So the sentiment regarding alts vs btc is pretty.. depressing/disbelieving.
That is how the end of a cycle feels. (look at the wall street cheat sheet)
"Buy low " some guy once said. Well if that is true, where are we now ?
On this log chart, it seems like this multi year channel has been pretty accurate. We are now in an uptrend, crawling nicely in this channel. Not at the bottom of it right now, but pretty low.
I think there is a good chance we will bounce from top to bottom a few times, before a breakout - retest - and a new BIGGER bubble.
I am going to sell in that bubble, and I am looking for cheap alts now.
However obvious this is, it seems impossible to actually grasp, because it is also counter-intuitive. We fear s***coins now, when they are actually a clear buy.
What do you think?
Do you have patience with alts ?
So the sentiment regarding alts vs btc is pretty.. depressing/disbelieving.
That is how the end of a cycle feels. (look at the wall street cheat sheet)
"Buy low " some guy once said. Well if that is true, where are we now ?
On this log chart, it seems like this multi year channel has been pretty accurate. We are now in an uptrend, crawling nicely in this channel. Not at the bottom of it right now, but pretty low.
I think there is a good chance we will bounce from top to bottom a few times, before a breakout - retest - and a new BIGGER bubble.
I am going to sell in that bubble, and I am looking for cheap alts now.
However obvious this is, it seems impossible to actually grasp, because it is also counter-intuitive. We fear s***coins now, when they are actually a clear buy.
What do you think?
Do you have patience with alts ?