BTC on the Rescue - not really good but an opportunity
Sure enough, the bill comes due after an orgy of buying. Even I threw a bit of cash up there. Triangle in play now that that trend-line has been violated. Everyone remember 2017-2018. Be mindful from now on, cause it can go lower, and DCA works, but be very careful about what you buy and when you buy it. DCA proportionate to the dip if you're going to start spending money. This stopped being a fast race yesterday. I imagine that anyone that just entered the market has probably considered dumping their holdings, especially if they bought 24K, which in hindsight might very well be the new 19K if everyone panic dumps. Take heart, we've come so far since 2017.
More cautious investors should be watching BTC like a hawk over the next few weeks (I know I will), as it can correct to investable levels once more. That being said no one has a crystal ball and crazy stuff happens with BTC and it can happen at any time of day, for three hundred and sixty five days a year.
More cautious investors should be watching BTC like a hawk over the next few weeks (I know I will), as it can correct to investable levels once more. That being said no one has a crystal ball and crazy stuff happens with BTC and it can happen at any time of day, for three hundred and sixty five days a year.
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