Long

BTC due a little pullback - no such thing as a free ride

Updated

has pulled an impressive move - up 40% from 'the bottom' (just like in 2018).

But nothing in Crypto gives you an easy ride - so looking back at 2018 (last 4 year cycle) we see the same level of gains - over a similar period.

If we were to literally compare the two then BTC is about to claw back 50% of it's gains before a slow run uphill. Finally breaking free around mid to late March as 2018 did in April.

It looks (at the moment at least) that BTC 2022-2023 is running about 4 weeks ahead of BTC 2018-2019 - but we'll see how that pans out.

After that we're into BTFD season and just keep accumulating.

So if you're looking for a last chance to get in 'cheap' - then the next dip could be your gift. Just watch those leveraged longs until we're in the clear and manage your margins.

Of course, crypto is never 100% predictable and I'm not issuing financial advice, but for the sake of clarity - this is my position in advance as I hate larpers saying they called it AFTER it happens.

Thumbs up if you like / agree - comments if you think otherwise. Everyday is a school day :)

Note

OK - so I said mid to late March to break free..... It appears BTC was too impatient to wait.
And that pullback from 23.2 to 20k was pretty much what I had predicted, given it started the move up at practically 17k, made it to 23, so 50% pullback was 20k.

TribalHound

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