~snip
- To start the new week, please check the MACD for the weekly chart. I believe that our 100 Spartans in the Push Ups until 100,000 topic will finally get their rest.
HODL
Certainly a good news for the Spartans and hodlers, but a bad one for those waiting to buy the dip. It's definitely going to be an interesting ride. MACD is literally at the bottom, and climbing to the top. A possible break of structure would give us a new ATH. We're just getting started...
Continue buying...
Keep Hodling.
By looking at this chart presented here shows that Bitcoin sentiment is bullish, by looking at this last bullish engulfing candle sticks, it shows that their are a lot of buyers in the market, so who are those folks that are saying that it's too expensive to be buying now?
Those buyers in the market do they think they don't know what they are doing?
It's only myopic people that will be seeing it that way as expensive because Bitcoin is seriously on the rise, and I see it setting a new all time high in the nearest future, that's why their should be no wasting time for those that hasn't started accumulating it yet, the better they seize this opportunity or regret later.
We cannot really tell what bitcoin is going to do by looking at charts, and sure, there is no problem to look at charts and try to guess, yet in the end, anyone who might be considering themselves in bitcoin accumulation stages, that may well take 4-10 years or more to accumulate enough bitcoin,
then they are going to need to spend at least a whole cycle just accumulating bitcoin no matter what (perhaps trying to make sure that they buy at least once every week), and perhaps after they have been accumulating BTC for a whole cycle or more they might find it reasonable to adjust their BTC accumulation approach in which they might not buy all of the time.
Is it really compulsory that an investor who is in accumulation stage must spend at least whole circle to build his portfolio? What if he meets his accumulation target before a cycle, should he continue to accumulate just because it hasn't gotten to 4 years since his started accumulating?. I don't think that the years one spend in accumulating bitcoins matter anymore inasmuch as they can get a big stash of bitcoins in their portfolio even when it hasn't gotten to a whole cycle. The plan should be to HODL for a long term but the time of accumulation should not matter because there are some people that just choose to lump sum a huge amount of bitcoins and HODL without making any further accumulation again.