Dear Traders,
Buying BTC aggressively right now appears to be a very dangerous adventure as there are quite a lot of fundamentals driving these pairs from the SEC approval to investors' sentiments.
One thing I know for sure is that Institutional investors would always want to buy at a discount/fair value and ride any asset to a premium.
For me, Considering the aggressive move to the upside in the last few weeks and the fact that it has been breaking new structures from above $26k, there may be a need to exercise a lot of patience and probably invest in alternative assets that have bigger prospects to rally especially if they haven't moved in the same direction as BTC for a while.
for now, I remain neutral but will place significant orders at key support levels and keep buying for "store of value".
I am looking at $38k in the first instance but will keep storing before that level so I don't miss out on any possible unexpected surge to the upside.
Trade carefully and apply proper risk management
Buying BTC aggressively right now appears to be a very dangerous adventure as there are quite a lot of fundamentals driving these pairs from the SEC approval to investors' sentiments.
One thing I know for sure is that Institutional investors would always want to buy at a discount/fair value and ride any asset to a premium.
For me, Considering the aggressive move to the upside in the last few weeks and the fact that it has been breaking new structures from above $26k, there may be a need to exercise a lot of patience and probably invest in alternative assets that have bigger prospects to rally especially if they haven't moved in the same direction as BTC for a while.
for now, I remain neutral but will place significant orders at key support levels and keep buying for "store of value".
I am looking at $38k in the first instance but will keep storing before that level so I don't miss out on any possible unexpected surge to the upside.
Trade carefully and apply proper risk management
FINSPOT ACADEMY