Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 26/02/2024, 17:52:55 UTC
⭐ Merited by criptoevangelista (1)

I have no doubt that 60k will come this week... and we would break the pattern if the ATH comes before the halving... In this case, breaking the pattern, I ask the more experienced here: What would be the thesis of identifying the target? since we would only have psychological targets... I know that no one has a crystal ball, but I wanted to know, if possible, what yours theory is.

In the bear market, I used partial purchases on a 50% price drop to take advantage of a possible pullback... and then larger entries on a 70-75% price drop from the ATH

However, I still feel a little unsure about identifying the target, I know that the best way is to gradually go out at the average price.

Unfortunately, or fortunately (depends on your point of view) I still need to use position trade to be able to build capital.

Well what is your avg cost of your corn?

Ie if you spent 30k for 1 btc. and want to sell 10% right now at 53k it means you turned 3000 into 5300.

Since you want to trade a ladder up for 50% of your corn is not terrible.

Ie out of 1 btc

0.1 at 53,100
0.1 at 58,300
0.1 at 63,200
0.1 at 68,100
0.1 at 74,050


that leaves you with .5 btc and over 31,675 cash

which would not be a terrible partial exit for a trader.