You need to read this… I’m seeing a lot of people mixing up their macro and local biases. Do I think #Crypto sees another leg down? Yes. Does that mean I’m not accumulating at these prices? No. Since #Bitcoin tapped the 3W 100 EMA, I’ve been slowly DCA’ing, and I’ve also been accumulating $ETH over the past several weeks. That’s my macro position. If macro bearish structure gets invalidated and price takes off, I may be wrong locally, but I’ve still accumulated $BTC and $ETH at strong levels. I’d rather be wrong and positioned than wrong and sidelined. When it comes to DCA’ing higher timeframe positions, don’t obsess over calling the exact bottom. Chasing the perfect entry is how you miss the move entirely. Opinions on CT may differ on the next local move, but I think most agree that 5 years from now, #Bitcoin is higher than it is today. Zoom out.

Share






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
