For those of you interested in Crypto as an investment, I'm going to use this thread to capture my thoughts. Note: This is NOT fincacial advice. I am NOT your advisor. I'm just a guy on the internet investing in fake internet money. If you choose to buy Crypto you do so at your own risk.
NOTE - I primarily trade Bitcoin, ETH, SOL, and ADA. I play with some meme coins but not much. Please don't ask me what I think about Elon Doge to the moon and stars coin I don't track stuff.
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Right now is an interesting time for crypto. IMO we have entered crypto winter. I believe in the 4 year cycle. This is a time when crypto will drop in price compared to USD. I expect crypto to continue to drop into July. Looking at the charts, Bitcoin could fall as low as $67k. ALT coins will continue to fall 70-90%
I have been Dollar Cost Averaging (DCA) out of crypto these past 3 months. I am completely out of ALT coins and have a little more BTC to sell. I am NOT selling all of my Bitcoin keeping about 30% of my OG stack.
When Bitcoin crosses the 200-day Moving Average, I will start aggressively buying back in. If you're thinking about getting into crypto now is not the time to go all in. PErsonally I am waiting but if you have to get in I would recomend you DCA in weekly.
That is my thought....
Now, the opposing view will say the four year cycle is broken and we are in an extended cycle due to multiple factors, but primarily due to institutional buying. They say crypto will have the blow off top NLT Q2 of this year.
I just don't see it and everything the charts have shown me is the 4 year cycle remains strong.
NOTE - I primarily trade Bitcoin, ETH, SOL, and ADA. I play with some meme coins but not much. Please don't ask me what I think about Elon Doge to the moon and stars coin I don't track stuff.
************************************************
Right now is an interesting time for crypto. IMO we have entered crypto winter. I believe in the 4 year cycle. This is a time when crypto will drop in price compared to USD. I expect crypto to continue to drop into July. Looking at the charts, Bitcoin could fall as low as $67k. ALT coins will continue to fall 70-90%
I have been Dollar Cost Averaging (DCA) out of crypto these past 3 months. I am completely out of ALT coins and have a little more BTC to sell. I am NOT selling all of my Bitcoin keeping about 30% of my OG stack.
When Bitcoin crosses the 200-day Moving Average, I will start aggressively buying back in. If you're thinking about getting into crypto now is not the time to go all in. PErsonally I am waiting but if you have to get in I would recomend you DCA in weekly.
That is my thought....
Now, the opposing view will say the four year cycle is broken and we are in an extended cycle due to multiple factors, but primarily due to institutional buying. They say crypto will have the blow off top NLT Q2 of this year.
I just don't see it and everything the charts have shown me is the 4 year cycle remains strong.
