Bitcoin - The NEXT leg UP!
Updated
Hello my fellow Bitcoinistas!
Boy times are getting exciting are they not? Now that we have hit blue skies there is nothing but the current price action to give us clues as to where we are and where we are going. For those of you day trading I pray for you. You will most likely get whipsawed in and out of thousands of dollars. For all you fellow hodlers out there I know you are smiling ear to ear at this point.
Be that as it may, if the pink line on this chart does not get violated to the downside I think we are basing for another move NORTH! Do I care either way? NO. After 8 years of following and buying Bitcoin dips my DCA is well below the 4 year moving average at this point. In other words YOU CAN'T PUSH BITCOIN LOW ENOUGH TO CHASE ME OFF MY HODL POSITION!
That, in my opinion, should be EVERYBODY'S goal. Keep buying the dips and building as low a DCA price as you can. When Bitcoin runs away from that level you can sleep well at night with a big smile on your face.
If you can't sleep at night it is probably because: 1. You don't understand Bitcoin and you are just throwing money at the wall and hoping it will stick. OR 2. You are playing with leverage and you know any major swing can wipe you out. OR 3. You have too much on the line that YOU CAN NOT AFFORD to keep tied up for the next 2 years.
If this is YOU, fix the problem. 1. Educate yourself 2. Stop using leverage trades 3. Only put in a little at a time so that you won't miss it if the price drops for a while. If the price does drop 5-10% but a little more. Rinse and repeat.
Good luck everybody. I wish you all the very best outcome no matter how you decide to play this game.
BBS Out!
Boy times are getting exciting are they not? Now that we have hit blue skies there is nothing but the current price action to give us clues as to where we are and where we are going. For those of you day trading I pray for you. You will most likely get whipsawed in and out of thousands of dollars. For all you fellow hodlers out there I know you are smiling ear to ear at this point.
Be that as it may, if the pink line on this chart does not get violated to the downside I think we are basing for another move NORTH! Do I care either way? NO. After 8 years of following and buying Bitcoin dips my DCA is well below the 4 year moving average at this point. In other words YOU CAN'T PUSH BITCOIN LOW ENOUGH TO CHASE ME OFF MY HODL POSITION!
That, in my opinion, should be EVERYBODY'S goal. Keep buying the dips and building as low a DCA price as you can. When Bitcoin runs away from that level you can sleep well at night with a big smile on your face.
If you can't sleep at night it is probably because: 1. You don't understand Bitcoin and you are just throwing money at the wall and hoping it will stick. OR 2. You are playing with leverage and you know any major swing can wipe you out. OR 3. You have too much on the line that YOU CAN NOT AFFORD to keep tied up for the next 2 years.
If this is YOU, fix the problem. 1. Educate yourself 2. Stop using leverage trades 3. Only put in a little at a time so that you won't miss it if the price drops for a while. If the price does drop 5-10% but a little more. Rinse and repeat.
Good luck everybody. I wish you all the very best outcome no matter how you decide to play this game.
BBS Out!
Note
Looking good so far......Note
Noice! :0)Still long.....
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