What I expect to happen
Updated
I've presented arguments for a market pullback, yet I believe these dips present buying opportunities. As we approach the election season, expect volatility. However, to maintain their positions, those at the Fed/Treasury will likely aim to prevent a recession, aiming for a strong fiscal year. This could initiate a supercycle, potentially leading to a downturn later. My initial profit-taking point is around 130k. By then, we'll have a better understanding of the economic landscape and possibly a new president (or the same, which is more likely imo). We can revisit this discussion at a later time to assess the situation.
Comment
For bitcoin, it's almost not worth trading. I bought lows for a reason - extreme exposure. Simply because we know what the bitcoin cycle does EVERY TIME. It is verifiable on the charts. So I want to make the claim here, that DCA'ing every dip from here on out, is not a bad idea. I'd take caution around 100k. That doesn't mean I'd sell. You should be fully allocated by that point. Remain patient and nimble.Comment
not worth day trading* - It is worth investing inRelated publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.