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Researcher | Gem Hunter | Advisor
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When bitcoin stays very still for a long time I start to watch it very closely...
Everytime I wake up and I open tradingview to check the $BTC chart and it still around the same price, it suddenly surprise me with a big price action.
In order to have an idea where altcoin prices could go, I like to watch for support ranges in Bitcoin.
It took 22 days for BTC to go from top to the 57k once. If it does a similar movement, it wouldn't surprise me. On the contrary, I'll be happy to keep scooping!
All those levels that you see until $57k are my entry ranges for my dollar-cost average strategy.
It might look like a lot of entry points but 2 things about this:
1. I promise I don't know when BTC will rebounce. 2. I promise you that you don't know either.
You may be wondering... What if I just allocate 30% of my remaining capital before it goes up?
My question to you is: What if you go all in and it keep dipping even below the $57k ?
You see that $42k-$39k? That's my ultimate level to remain bullish. You don't want to get trapped with all your $$$ in a high price when prices are melting down.
In addition to that, you will always have a new entry. If you are like me and you are here for the long term (ie. end of 2025) you have to sincronize your game with your time horizon.
Remember that you have Bitcoin L2, Ordinals, Runes, and more.
If you've done some research, you know that bitcoin has scalability limitations, that is why many developers are trying to bring "scalability and flexibility" to bitcoin.
That's when @Coredao_Org comes to play. It's already a +$1B market cap project.
Introducing the Satoshi Plus Consensus mechanism which combines the best of Bitcoin & Ethereum.
It combines the PoW and PoS consensus mechanisms to give Bitcoin the ability to be 'multilayer' and to foster more innovation in its ecosystem.
It has more than 50 projects developing within the ecosystem!
If you haven't check it out! I'd recommend you to do so.