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 you could do a ladder up for 50% of your corn which 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.
To all dca and hodl people the above is a method for a person looking to trade.
myself
I held 85% of my btc
and did a ladder up that still has 2 legs left.
I have two sell orders in
61,111
69,755
I am doing a dca with my signature earnings
.
This is a way to get some $cash but still stay in BTC.