These are my thoughts on the potential pullback for BTCUSD.
Here are some of the lessons I have learnt:
- Never buy when prices are rising
- Only buy when prices are discounted
- The higher the discount, the better the offer
- Savings are important for these opportunities, don't be scared to save your money by inflation extremists 🚫💸🚫
Sure inflation is an issue, but it takes time. Prices don't inflate overnight, not everything is like cryptocurrency! 📈✋
Let's give the Banana example 🍌- Let's assume you add bananas into your smoothies for breakfast:
> You walk into the shops and see the usual fresh bananas at a cost of $5/KG. 🍌📈
> You walk in again the following week, and see bananas on-sale for $1/KG! (90% discount). 🍌📉
Same fresh bananas, only difference is the price - Why not buy some in bulk and freeze them?
What are your buying points? What if bananas only dropped to $2/KG? Still 60% off. Not bad.
Can you afford to drink smoothies? I would never spend more than I can afford to lose today.
These are a few points to consider when buying anything of value, in the long-term.
Here are some of the lessons I have learnt:
- Never buy when prices are rising
- Only buy when prices are discounted
- The higher the discount, the better the offer
- Savings are important for these opportunities, don't be scared to save your money by inflation extremists 🚫💸🚫
Sure inflation is an issue, but it takes time. Prices don't inflate overnight, not everything is like cryptocurrency! 📈✋
Let's give the Banana example 🍌- Let's assume you add bananas into your smoothies for breakfast:
> You walk into the shops and see the usual fresh bananas at a cost of $5/KG. 🍌📈
> You walk in again the following week, and see bananas on-sale for $1/KG! (90% discount). 🍌📉
Same fresh bananas, only difference is the price - Why not buy some in bulk and freeze them?
What are your buying points? What if bananas only dropped to $2/KG? Still 60% off. Not bad.
Can you afford to drink smoothies? I would never spend more than I can afford to lose today.
These are a few points to consider when buying anything of value, in the long-term.
Comment:
Bitcoin touched a lower-low of $45.7K, furthering the likelihood of re-entry at $36K/below.
We might have to wait until end of May/June: www.optimusfutures.c...12/general-trend.png
We might have to wait until end of May/June: www.optimusfutures.c...12/general-trend.png
Trade closed: target reached:
Bitcoin hits $29K and springs to $40K, the $20K area is still possible for re-entry.
Most think BTCUSD will go higher, some counter-arguments:
www.chart-formations...tors/divergence.aspx
www.tradeltd.com/hig...highs-and-lower-lows