$BTC $IBIT long position trade entry execution plan
Downside targets to go long are:
@ < 56k
@
46K
@ 42.3k
@
41K
when the market resumes its high timeframe uptrend
I plan to go long with my capital in 3 stages. Stage 1 and 2 may overlap.
Stage 1: I plan to DCA during September/October.
Stage 2: I plan to buy fear, uncertainty, doubt and capitulation.
Stage 3: I plan to buy when the market resumes its upward bull market uptrend.
I will try to remember to update the trading page when i deploy capital.
Follow my substack for a more detailed written explanation of my execution strategy.
https://substack.com/@dmt62dmt
@ < 56k
@
46K@ 42.3k
@
41Kwhen the market resumes its high timeframe uptrend
I plan to go long with my capital in 3 stages. Stage 1 and 2 may overlap.
Stage 1: I plan to DCA during September/October.
Stage 2: I plan to buy fear, uncertainty, doubt and capitulation.
Stage 3: I plan to buy when the market resumes its upward bull market uptrend.
I will try to remember to update the trading page when i deploy capital.
Follow my substack for a more detailed written explanation of my execution strategy.
https://substack.com/@dmt62dmt
Nota
IBIT, i layered bids at $26, $25, $24, $23. that corresponds to approximately 41K to 46K on BTC spot. This will be for 25% of my total allocation.
that is the consolidation level where we started the 2024 pump. price may not dip that low but if it does, it most likely will not last very long and will be defended by Blackrock Larry. So I'm setting the bids out ahead of time. I still am going to DCA with the other portions of my capital stack during September and October.
Aviso legal
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