BTC USDT: WE NEED TO FLIP CERTAIN LEVELS TO SAY TO THE MOON!
Based on my analysis, I believe DCA (Dollar Cost Averaging) into large-cap alts at current levels may be more prudent than waiting to DCA out at higher prices like 64K. My current investment strategy prioritizes Large Cap > Mid > Low > Meme > USDT > BTC.
Several technical indicators support this view:
1 Bullish RSI divergence between oscillator and price
2 Quick RSI reset without prolonged low levels
3 Moving Average crossover on the RSI
4 20-day MA crossing down to meet the 150-day MA, with price showing strength
(I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.)
These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently.
Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings?
It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases.
Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize.
The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE.
I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
Several technical indicators support this view:
1 Bullish RSI divergence between oscillator and price
2 Quick RSI reset without prolonged low levels
3 Moving Average crossover on the RSI
4 20-day MA crossing down to meet the 150-day MA, with price showing strength
(I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.)
These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently.
Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings?
It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases.
Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize.
The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE.
I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
