Seems my decision to walk out on my spot and leveraged longs in December was the wrong thing to do. Now that we traversed the end of the year with no major pullback and gone through this historic moment of getting the ETFs approved, the skies look clear ahead. The only lingering thought of how it might not be different is the traditional dump into the halving, but that may very well come later on, perhaps in the second quarter of the year. For now we are seeing strength and we are likely headed into the 52k area. Hard to say whether that level will act as a strong resistance level or we're just going to flip it into support and gun for ath, time will tell but I have been fretting whether to jump back in or not for the entire month. I have decided to jump in even if deep down I feel a strong correction could be right around the corner. My reasoning is that I will likely double down for the long run and keep adding every time an opportunity presents itself rather than risk being left in the dust while everyone is playing their part. I have set my sights on dec 2025 being the top of the cycle, I could very well live with the fact that 2024 might be an otherwise uneventful year or perhaps even slower than 2023. With all this in mind, I feel really good about the future and look forward to the events that are about to unfold. We're living exciting times and I really look forward to seeing how the new AI trend will impact both the traditional markets and possibly our crypto ecosystem as well.
Good luck everyone, see you in the order books!
Good luck everyone, see you in the order books!