My leading view for BTC (following the minor correction that saw Bitcoin trade down to $44,978 from its high of $58,481... a $13,500 move) is continued higher highs and higher lows. Bullish.
Expectation is that bitcoin will be entering its next and final leg up of the current bull cycle very soon. The low may be in already at $45,000 this week. That being said, I believe there is a good chance that we see one more lower low before the next leg up begins. I am currently holding 30% of 100% of my total allocation in bitcoin. Will be buying more if it dips down to 44K, 42K, 40K, 38K. From there I expect a reversal to the upside. End Target for Bitcoin this cycle: $99K (give or take $10K)
If we do not get a new low before the upswing begins. I will continue to scale in as bitcoin goes up.
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Current Strategy in Bitcoin and Crypto Markets is to accumulate. That means take the total amount of investment you intend to purchase BTC with, and then start a timed plan to scale in.
If my net worth is $100,000 and I want to put 10% of that into the crypto markets, I might allocate:
80% Bitcoin - $8,000
10% Etherium - $1,000
10% Alt Coins (Cardano, PolkaDot, Chainlink) - $1,000
Generic Trading Plans Below:
Add X amount every dip of X percent
or
Add X amount every day/week/month regardless of price
...as long as you think the future direction of the market will be up.
*
NOTE: I've been casually following BTC for the last 8 years and have started investing in the space since January 2021 (two months). Took me a while to understand and gain confidence in bitcoin and crypto. This is the reason I have only purchased 30% of my total intended allocation of BTC. Whether BTC goes up or down, I will be strategically adding bitcoin to my portfolio.
Expectation is that bitcoin will be entering its next and final leg up of the current bull cycle very soon. The low may be in already at $45,000 this week. That being said, I believe there is a good chance that we see one more lower low before the next leg up begins. I am currently holding 30% of 100% of my total allocation in bitcoin. Will be buying more if it dips down to 44K, 42K, 40K, 38K. From there I expect a reversal to the upside. End Target for Bitcoin this cycle: $99K (give or take $10K)
If we do not get a new low before the upswing begins. I will continue to scale in as bitcoin goes up.
---
Current Strategy in Bitcoin and Crypto Markets is to accumulate. That means take the total amount of investment you intend to purchase BTC with, and then start a timed plan to scale in.
If my net worth is $100,000 and I want to put 10% of that into the crypto markets, I might allocate:
80% Bitcoin - $8,000
10% Etherium - $1,000
10% Alt Coins (Cardano, PolkaDot, Chainlink) - $1,000
Generic Trading Plans Below:
Add X amount every dip of X percent
or
Add X amount every day/week/month regardless of price
...as long as you think the future direction of the market will be up.
*
NOTE: I've been casually following BTC for the last 8 years and have started investing in the space since January 2021 (two months). Took me a while to understand and gain confidence in bitcoin and crypto. This is the reason I have only purchased 30% of my total intended allocation of BTC. Whether BTC goes up or down, I will be strategically adding bitcoin to my portfolio.