These days I am looking at how will BTC evolve in this year referring the last year, but also some previous trends that market the entire market. I foresee the following movements for BTC and in correlation similar for the other top cryptocurrencies:
- long term consolidation and stabilization in price terms considering the previous crash like 2014
- already having 2 times moving to the bottom this year
- the market is still fluctuating from the crash from ATH -0.24% in december/january, proving not to be stable yet
Now, what I am looking to do is to buy in the green zone or below and just HODL my positions regardless of the ups and downs that are still to come. I will not day trade, not sell with a loss if the price falls further and make sure to reserve some funds in order to buy even lower.
The key here is to have proper money management and cover all my positions to minimize the difference between the low and high. The idea is not to trade based based on reversal signals nor to aim for short time results, but to look towards long term investments, while only daily chart is relevant. Like climbing a mountain which requires a lot of energy, the same this strategy will follow.
Whomever shares the same view, I can only wish you all good luck!