Bitcoin cycle low has been hit

Jul 24, 2022

Following my first plan to start Dollar Cost Averaging Bitcoin again (see below)

We now have a Cycle low signal printed on BTCUSD. This signal has been significant during the past two cycles and I do not expect this time to be different.
It will be interesting to see how the macro environment plays in this case, as it is Bitcoin's first cycle within a major economic downturn.

GLHF

Mar 31, 2023

Trade active

BTC has reclaimed the 200W, all buys since June 2022 are now in profit. The global economy is cautiously optimistic about the future. I don't believe that it's necessarily smooth sailing from here as the political landscape surounding cryptocurrency in North Amerca seems uncertain but I remain bullish in the long run.

GLHF

May 28

Trade active

BTC has been flirting with its ATH in the past weeks, without a definitive break into price discovery. Although I remain bullish, one would be ill advised not to take some profits after such a run. The highest priced buy would have been just shy of 30 000$, with many possibilities to buy lower.

Although my usual action would be to "do nothing", I believe we are seeing mania in meme coins. Phantom is, as of today, the #1 finance app on Google Play, with mainstream celebrities being tied into coin creation.

Bitcoin will go higher, perhaps it might just need a little break.

GLHF

Aug 21

Trade closed: stop reached

I am disliking bitcoin's price action at the moment. As I am having difficulties reading the market, I believe this is a good time to fully close this position and secure profits. I somewhat anticipate a repeat of the July-March 2019 trend, but only time will tell.