BTC : scaling in the buys. What's your plan?
Hi,
Started scaling in buys as and when supports were confirmed. These are shown in the green zones and trend lines. Last buy was at 8800 and have not FOMOd in since the charge to 10k. I am waiting for some kind of confirmation that the resistance zones and lines have been turned into support. A retrace and strong bounce off an unconfirmed support (blue) would trigger another purchase. There is always the possibility that we skip confirmation of a blue zone so the plan will have to alter and I will accept confirmation of the next resistance-turned-support, and accept
Currently have 50% exposure to BTC. When we break the main trend line down (red line extended down from 19k to 17k) and confirm it as support with conviction then I will aim to be 75-80% in and then chill for a bit before starting to look for exits to scale out. I am looking for a lower risk and less stressful year, and with that I accept less profits!
So,... what is your plan?
Started scaling in buys as and when supports were confirmed. These are shown in the green zones and trend lines. Last buy was at 8800 and have not FOMOd in since the charge to 10k. I am waiting for some kind of confirmation that the resistance zones and lines have been turned into support. A retrace and strong bounce off an unconfirmed support (blue) would trigger another purchase. There is always the possibility that we skip confirmation of a blue zone so the plan will have to alter and I will accept confirmation of the next resistance-turned-support, and accept
Currently have 50% exposure to BTC. When we break the main trend line down (red line extended down from 19k to 17k) and confirm it as support with conviction then I will aim to be 75-80% in and then chill for a bit before starting to look for exits to scale out. I am looking for a lower risk and less stressful year, and with that I accept less profits!
So,... what is your plan?
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