Weekly RSI is approaching 30 again. Historically, this has signaled the cycle bottom. Whether you consider this a 4-year-cycle bottom, or a local bottom within a mega cycle, it doesn't really matter. All that matters is that a bullish reversal is just around the corner, and we likely won't see another buying opportunity like this for a few years.
Could price dip again to $25k or $20k? Sure, and I'll buy there too. Either way, we're a hell of a lot closer to the bottom than the top, and that's what this game is all about.
I'm stacking all my alt positions and reducing my BTC allocation in favor of alts.
Could price dip again to $25k or $20k? Sure, and I'll buy there too. Either way, we're a hell of a lot closer to the bottom than the top, and that's what this game is all about.
I'm stacking all my alt positions and reducing my BTC allocation in favor of alts.
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Here it is...
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Buying near the bottom is always great, but it's important to have realistic expectations. Returns are predictably lower with each cycle:
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Confluent signals
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there ya go
