9/13 could be the local bottom for bitcoin. I took a long on 9/14 after morning rally.
entry price GBTC 37.32 (show on twitter). Did not calculate my position size but roughly 50% of cash in trading account.
Ideally bitcoin rally to test 53-55k but I am completely ok with sideway action and adding another long position if this is a bull trap (as long as above 43k). Below 43k opens risk for bear.
My view is bitcoin basing for 2 more weeks till early October before the bull run starts (as in 2013, 2015, 2016, 2017, 2020). 5 out of 8 years from 2013, the rest 3 years are bear (2014, 2018 are huge bear market, and 2019 as short bear after mini bull run). Generally, bitcoin doing well after Oct. Again, this is a seasonality probability of bitcoin's performance in October as I am biased with bitcoin bull case this year.
entry price GBTC 37.32 (show on twitter). Did not calculate my position size but roughly 50% of cash in trading account.
Ideally bitcoin rally to test 53-55k but I am completely ok with sideway action and adding another long position if this is a bull trap (as long as above 43k). Below 43k opens risk for bear.
My view is bitcoin basing for 2 more weeks till early October before the bull run starts (as in 2013, 2015, 2016, 2017, 2020). 5 out of 8 years from 2013, the rest 3 years are bear (2014, 2018 are huge bear market, and 2019 as short bear after mini bull run). Generally, bitcoin doing well after Oct. Again, this is a seasonality probability of bitcoin's performance in October as I am biased with bitcoin bull case this year.