I haven't touched these channels since mid-December and with decent reason. You can call it an accumulation phase, pre-capitulation, front-running the halvening, or whatever you want, but this upward trend is continuing and will probably do so until it chooses not to.
What to do, then? Analysis can only get you so far. Eventually, you're going to have to get skin in the game. Personally, my plan is to buy the dips mid-channel, and at the bottom. Right now, that's looking at right around the 8.0-8.1k range. Which works well for working my average price down, but that's beside the point.
Another side not is that a decent jump up at that point, and then again at bottom of the blue channel which would be in the mid to high 7k range, kind of transforms that initial gray line representing the tops into a line of support moving forward. Especially if that supposed line of support becomes the bottom of the blue range. But again, we're just hoping here.
No reason to be euphoric. No reason to spot-sell direct from your ledger. We stay stacking.
What to do, then? Analysis can only get you so far. Eventually, you're going to have to get skin in the game. Personally, my plan is to buy the dips mid-channel, and at the bottom. Right now, that's looking at right around the 8.0-8.1k range. Which works well for working my average price down, but that's beside the point.
Another side not is that a decent jump up at that point, and then again at bottom of the blue channel which would be in the mid to high 7k range, kind of transforms that initial gray line representing the tops into a line of support moving forward. Especially if that supposed line of support becomes the bottom of the blue range. But again, we're just hoping here.
No reason to be euphoric. No reason to spot-sell direct from your ledger. We stay stacking.