Posting this because i think the wider harmonic is valuable, a great volatile asset and basically early 11 to 10s buy zone, out at 9. Saying this because i do recognise some wycoff action at these bottoms, not plotted, but in exactly the same way as distribution, initial impulses can chuck out erratic upsides after consolidation and it works the same way in reverse, accumulation and a final downside spike, long squeeze whatever.
It feels to me that if BTC goes on a proper rally, then USD wise, its a safe bet, even with the must do 10-20% stop loss. If BTC tanks, then everything goes of course. So it is risk because its so voilatile and you have to approach this as deep stop losses really..
But if the fomo is true and instutitional/ paypal blah de blah, sooner or later, newcomer whales will be looking at this and andre and probably like him a lot.
May take a while and reminds me of my BTC August 2019 chart, now only 3000 until the harmonic hits its pattern completion zone. YFI now at a possible bottom, like BTC was at 3k.
Very interesting here and my buys are set. Decided to kick off a DCA strategy here and take out some profit from a long term BTC trade into this. Will load in heavier "The Lot" if those buy areas hit and can wait it out for a year no probs.
It feels to me that if BTC goes on a proper rally, then USD wise, its a safe bet, even with the must do 10-20% stop loss. If BTC tanks, then everything goes of course. So it is risk because its so voilatile and you have to approach this as deep stop losses really..
But if the fomo is true and instutitional/ paypal blah de blah, sooner or later, newcomer whales will be looking at this and andre and probably like him a lot.
May take a while and reminds me of my BTC August 2019 chart, now only 3000 until the harmonic hits its pattern completion zone. YFI now at a possible bottom, like BTC was at 3k.
Very interesting here and my buys are set. Decided to kick off a DCA strategy here and take out some profit from a long term BTC trade into this. Will load in heavier "The Lot" if those buy areas hit and can wait it out for a year no probs.