These are my thoughts on the potential pullback for BTCUSD.
Here are some of the lessons I have learnt:
- Never buy when prices are rising
- Only buy when prices are discounted
- The higher the discount, the better the offer
- Savings are important for these opportunities, don't be scared to save your money by inflation extremists 🚫💸🚫
Sure inflation is an issue, but it takes time. Prices don't inflate overnight, not everything is like cryptocurrency! 📈✋
Let's give the Banana example 🍌- Let's assume you add bananas into your smoothies for breakfast:
> You walk into the shops and see the usual fresh bananas at a cost of $5/KG. 🍌📈
> You walk in again the following week, and see bananas on-sale for $1/KG! (90% discount). 🍌📉
Same fresh bananas, only difference is the price - Why not buy some in bulk and freeze them?
What are your buying points? What if bananas only dropped to 22/KG? Still 60% off. Not bad.
Can you afford to drink smoothies? I would never spend more than I can afford to lose today.
These are a few points to consider when buying anything of value, in the long-term.
Here are some of the lessons I have learnt:
- Never buy when prices are rising
- Only buy when prices are discounted
- The higher the discount, the better the offer
- Savings are important for these opportunities, don't be scared to save your money by inflation extremists 🚫💸🚫
Sure inflation is an issue, but it takes time. Prices don't inflate overnight, not everything is like cryptocurrency! 📈✋
Let's give the Banana example 🍌- Let's assume you add bananas into your smoothies for breakfast:
> You walk into the shops and see the usual fresh bananas at a cost of $5/KG. 🍌📈
> You walk in again the following week, and see bananas on-sale for $1/KG! (90% discount). 🍌📉
Same fresh bananas, only difference is the price - Why not buy some in bulk and freeze them?
What are your buying points? What if bananas only dropped to 22/KG? Still 60% off. Not bad.
Can you afford to drink smoothies? I would never spend more than I can afford to lose today.
These are a few points to consider when buying anything of value, in the long-term.
Note
Bitcoin deflected off $47K to 
59K, resting at $57.3K ATM. Most think BTCUSD will go higher, some counter-arguments:
chart-formations.com/indicators/divergence.aspx
tradeltd.com/higher-highs-and-lower-lows
Note
Bitcoin touched a lower-low of $45.7K, furthering the likelihood of re-entry at $36K/below. We might have to wait until end of May/June: optimusfutures.com/tradeblog/wp-content/uploads/2016/12/general-trend.png
Trade closed: target reached
Bitcoin hits 
29K and springs to $40K, the $20K area is still possible for re-entry.
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.
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.