Update on Bitcoin,
Bitcoin needs to close above 49k for 1 to 2 weeks to confirm Bitcoin is bullish again.
In the meantime, I believe Bitcoin will trade ways,
have a dead cat bounce and trade between the green and red zone,
and in a few weeks capitulation below $30k to confirm a bottom.
The weekly RSI is still trending down...
For me, now is a good time to scale in and buy a small amount of Bitcoin each week for the long term. E.g. $100 per week.
If the price goes up, you make money and if Bitcoin goes down you can accumulate more bitcoin than last week.
#riskmanagement #positionsizemanagement #portfoliomanagement
Bitcoin needs to close above 49k for 1 to 2 weeks to confirm Bitcoin is bullish again.
In the meantime, I believe Bitcoin will trade ways,
have a dead cat bounce and trade between the green and red zone,
and in a few weeks capitulation below $30k to confirm a bottom.
The weekly RSI is still trending down...
For me, now is a good time to scale in and buy a small amount of Bitcoin each week for the long term. E.g. $100 per week.
If the price goes up, you make money and if Bitcoin goes down you can accumulate more bitcoin than last week.
#riskmanagement #positionsizemanagement #portfoliomanagement
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im bearish on BTC, until we can close above 42k on the daily chart.
