Warning: our thoughts are ours; not financial advice.
Let's talk bitcoin today.
The asset is very bullish, however, we do not consider it cheap enough for some considerable profit.
For one, we are still above the 21 MA which signals that we keep cashing out on our current holdings. Secondly, we think there's a 60-40% chance that BTC will continue to go down to $40K or even $35K. If this happens, we'll be bagging some more bitcoin.
Till then, we enjoy what we already have.
Let's talk bitcoin today.
The asset is very bullish, however, we do not consider it cheap enough for some considerable profit.
For one, we are still above the 21 MA which signals that we keep cashing out on our current holdings. Secondly, we think there's a 60-40% chance that BTC will continue to go down to $40K or even $35K. If this happens, we'll be bagging some more bitcoin.
Till then, we enjoy what we already have.