BTC Support Area
Inflation Is high, Rates are increasing, Global Growth is Slowing. Most people believe the worst is behind us and markets will rally soon.... Although a shallow bounce is likely, I believe the bottom will be in for BTC between 2022/2023 depending on the macro backdrop and how much uncertainty is still floating around Inflation rates and Growth rates. Best Case is we bounce above previous 2017 Monthly ATH of 13,500k. Worst case I think we dip below $10,000 and stay there for a couple of weeks to make everything believe it is over… Either way my conviction stays strong for the long term viability of Bitcoin and other good projects such as ETH, and a handful of smaller coins (L1,L2, Oracles, etc)
If you have no idea what you are doing, just Dollar Cost Average down. Buy a little each week or month for the next 24 months.
If you have a strong sense of confidence and see a clear sign of a reversal you can try buying using max 2x leverage or buy some long dated OTM calls on Deribit.
If you have no idea what you are doing, just Dollar Cost Average down. Buy a little each week or month for the next 24 months.
If you have a strong sense of confidence and see a clear sign of a reversal you can try buying using max 2x leverage or buy some long dated OTM calls on Deribit.
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