BTC Correction - Will add on a dump

19 thg 12, 2020

I have no illusions that we are going to 100 or 200K in a straight line. Bears gotta eat too. We have yet to properly consolidate the move above 20K, also corrections are healthy. Last sizable correction was 15%. From here, if that 4hr candle closes red, we might get that healthy 10-15% correction to about 20,500 or even lower, even a 20% down from here would be a gift for those with cash to spend. I have a couple of lousy stocks that were a waste of cash last year and this year, I don't want to sell at a loss, but I'd rather the cash be with BTC in my investment account via QBTC which has a nice correlation. Still not there yet, but a correction is on the way. Just be ready to buy when others are despondent about a dump.

20 thg 12, 2020

Ghi chú

Might be a half-decent correction on the way, once again, not looking for a crash, but a nice place to add. Anything near 20K would be nice. Cup and Handle (borrowed from another analyst) didn't pan out for the upside.