BTC Long-Term Outlook/Analysis + Life Goals
I've charted this since last year, maybe since May, idk.
It shows two possible directions depending on what structure breaks.
Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever).
So yeah. It just might follow it, or it might not and just straight up dumps on the higher timeframe, but that's unlikely?
Like, what could cause a worldwide massive sell off that would plummet the BTC price?
Well, of course, if the people and organizations that hold the massive BTC wallets would just randomly sell off their holdings. That would crash BTC.
But why would they do that?
So, in the end, my point is, if you think about it...
The dollar and current worldwide economy is crashing... so where do they turn to?
Bitcoin.
Not gold, not USD, but Bitcoin.
I think gold is also a "stablecoin", something you can rely on to hold value.
I think, going forward, I would like to keep accumulating bitcoin and gold, when I have the money to accumulate.
My goal in my financial life would be, to keep accumulating cash daily(through business, work, and trading), and keep DCA'ing into Bitcoin and Gold regardless of the market.
It shows two possible directions depending on what structure breaks.
Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever).
So yeah. It just might follow it, or it might not and just straight up dumps on the higher timeframe, but that's unlikely?
Like, what could cause a worldwide massive sell off that would plummet the BTC price?
Well, of course, if the people and organizations that hold the massive BTC wallets would just randomly sell off their holdings. That would crash BTC.
But why would they do that?
So, in the end, my point is, if you think about it...
The dollar and current worldwide economy is crashing... so where do they turn to?
Bitcoin.
Not gold, not USD, but Bitcoin.
I think gold is also a "stablecoin", something you can rely on to hold value.
I think, going forward, I would like to keep accumulating bitcoin and gold, when I have the money to accumulate.
My goal in my financial life would be, to keep accumulating cash daily(through business, work, and trading), and keep DCA'ing into Bitcoin and Gold regardless of the market.