BitcoinLong
$btc long term picture
Looking at the weekly it seems BTC is still in retracement of the first wave up since the bearmarket.
There is room for a further decline towards the $5.600, but this not required.
In a nutshell, for long term portfolio an ok moment to buy. Alternative is to level in, 20% now, 20% at 6.5k or 8.1k (what comes first) and the rest at 6k or 9k.
Reason to buy: a strong 3rd wave upwards is to be expected based on this count after this retracement.
BTC is still in retracement of the first wave up since the bearmarket.There is room for a further decline towards the $5.600, but this not required.
In a nutshell, for long term portfolio an ok moment to buy. Alternative is to level in, 20% now, 20% at 6.5k or 8.1k (what comes first) and the rest at 6k or 9k.
Reason to buy: a strong 3rd wave upwards is to be expected based on this count after this retracement.
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