BTC appears to be struggling with the 4350-4425 range. This is the third time we hit it without breaking out. Look at the MACD we are presently in a rather neutral position. As you can see, we are also fairly centered in this long term channel that was derived off the daily chart.
So what to do? For me, I am in a holding pattern. If BTC can advance through the 4425 range to new highs, it is worthy of adding. However, there is every chance we get a pullback from here towards the lower end of the channel. If we get near that trendline, I will be adding to my position then.
As always, this is just for educational purposes...I am not a financial planner so due your due diligence, talk to whom you have to before you do anything.
I am waiting for it to come down to like 3800 or say 4100 to re-enter.