Actually, I consider two scenarios now, where we've completed primary degree [I] wave and now we're in [II] wave. Together with NASDAQ.
Either we already finished/finishing it staying above ~18K in June, or we will finish it at ~10K later this or next year.
In both scenarios, relief rally (as wave B or in early stages of primary [III]) should be ahead.
Therefore, I'm continuing to do DCA buying of bitcoin.
From risk management prospective, I only keep 30%-70% of crypto in my portfolio, currently sitting at ~60% in crypto. Will spend 10% more if we drop to 18K quickly.
Either we already finished/finishing it staying above ~18K in June, or we will finish it at ~10K later this or next year.
In both scenarios, relief rally (as wave B or in early stages of primary [III]) should be ahead.
Therefore, I'm continuing to do DCA buying of bitcoin.
From risk management prospective, I only keep 30%-70% of crypto in my portfolio, currently sitting at ~60% in crypto. Will spend 10% more if we drop to 18K quickly.
Note
we've completed primary degree I wave and now we're in II wave
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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.