It is now 8:00 a.m. on December 20th. The price of Bitcoin is 97,000 and the price of Dogecoin is 0.31. When Bitcoin closed, I bought 15% of the position. I bought 5% of the position of Bitcoin and 10% of the position of Dogecoin. This is the first position in this wave of decline.
In this wave of Bitcoin decline, there is already a stampede sentiment, and there is no signal to stop the decline. My ideal bottom-picking position for Bitcoin is between 86,000-88,000, and the ideal pin position is between 78,000-80,000. The ideal bottom-picking position for Dogecoin is between 0.27-0.29. When Bitcoin or Dogecoin falls to the bottom-picking position, I will continue to buy 20% of the position.
The maximum position allowed to be purchased this time is 35%, leaving 65%. Now the US stock market is high, interest rate cuts are slowing down, and regional wars are feared. Black swans are left, as the last line of defense.
