Generationalbottom
Generational wealth in the making - my point of viewThis is not a financial advice.
This is just my playout for the BTC purchases in the next year.
I've armed myself with the patience, stacking enough resources to cover my targets.
My whole theory is based on negative market segment - I am counting that global financial meltdown is in front of our eyes. Taking that into account, I think some sort of revolution will play next - and my bets are on blockchain space - mostly on BTC and ETH from speculative point of view.
Orange lines represents major BTC supports/resistances. Will wait till price drops to those lines and budget them as following:
- Target 1 (1 BTC = 17,000 eur) - 15% of allocated funds - very likely will happen
- Target 2 (1 BTC = 9,400 eur) - 35% of allocated funds - likely will happen
- Target 3 (1 BTC = 4,800 eur) - 35% of allocated funds - unlikely will happen
- Target 4 (1 BTC = 2,800 eur) - 15% of allocated funds - very unlikely will happen
The same strategy I will put for my ETH purchases which I analyze in my other idea.
The funds that remains free and do not touch certain Target from mentioned ones above, I will put according to my earlier targets after some time period.
Full disclosure: THIS IS NOT A FINANCIAL ADVICE. THIS IS PURE SPECULATION FROM MY POINT OF VIEW AND MARKET KNOWLEDGE.
i hope you bought this ripple shakeoutweekly chart showing its not as bad as the fud parade are making out:
obv is the real key as the volume does not reflect the drop creating a bullish divergence.
the long term trendline bounced the price
the weekly wick (if closed here) will confirm the support around £0.20p
range top went straight to range bottom, price will now travel back to mid
ranage bottom is also the weekly ATR.
better R:R longing here then shorting to zero with the other clowns, be greedy when most are fearful ;-)