Bullish or Bearish?
A lot of charts are beginning to look bearish. I see a lot of posts saying the dump is about to occur. Remember, if we know anything from the past, all hope needs to be gone in the market before another leg up. “Buy when theres blood in the streets”. Bitcoin and other crypto will have you thinking a missive dump is about to take place and then boom, reversal. Buy low and sell high, we are currently at local lows which would be a good time to buy. However, bitcoin is also trading near its ATH so you could see this as a sell-high moment. In my opinion, if this was a time to sell, it would have already sold.
Either way, Bitcoin is going to 100k and there is going to be a massive alt season at some point in the next 365 days so I am not selling anything and will continue to buy and diversify. There may be turbulence in the market during the next 5 months due to the election in the US but 2 presidential candidates have stated that they will embrace bitcoin and crypto if and when they are elected (best thing for humanity since capitalism).
This post is an opinion only and may not be used as financial advice.