Several weeks ago, I told some family member and friends to invest in Bitcoin. At the time, price was around $10k. One person got in at $25k. Another person got in this past weekend. Another person said they were going to get into Bitcoin soon.
Although Bitcoin is at $48k, it's still early as we continue to get news and headlines of the Smart Money making a move into Bitcoin. But only a handful of the Smart Money is in Bitcoin at the moment....we haven't seen anything yet.
So although the $50k level hasn't been hit yet, my next short term target is $60k....by or before April 1st.
https://news.bitcoin.com/bitcoin-apple-pay-bitpay-google-pay-samsung-pay/
https://finance.yahoo.com/news/morgan-stanley-unit-considers-bitcoin-160050554.html
https://www.coindesk.com/deutsche-bank-crypto-custody-prime-brokerage
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
I seriously had thought we would hit 50k today still some hours left but not looking good. I guess everyone sleeps on a Sunday. Many are talking about 100k being the next target but that's going to require double the amount of money or another trillion dollars for us to get there. I don't see that happening over night but then again crypto does some crazy things!
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Hi, did you not once post about setting up a lightning node with an all-in-one box solution based around a Pi? If so, how's it going? Are you making a fair return?
If it wasn't you, apologies for my age-induced senility and ignore!
Thanks in advance
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Ha Ha
In the crypto world we are all crypto every day... LOL
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That's a brave man! I have made it a lifetime rule never to mix family and money in any way. I've seen too many families ripped apart through moneymatters!
Of course, if it all goes to plan you'll feel the love, but if expectations aren't met...
A big risk but I admire the size of your balls mate!!
Best wishes.
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This is a good point. Another pair of things you might want to think twice before mixing is friends and money.
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I feel you, but the risks are worth the rewards...with this new digital currency.
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If you're going to hold for years, BTC is as good as an investment now as it will be after this years bubble bursts and it is done correcting probably some time in the last quarter of 2022.
What this means is that from now on, it is smart to think of BTC as something you'll unload within less than a year. That may have tax consequences to consider depending on where you live.
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Agree, I'm not sure what I'm going to do at the cycle top...I think about this everyday.
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That is a really good question. I have a forever HODL stack that I'm not touching or at least I'm prepared not to touch unless BTC touches a really absurd level. @louisthomas has good material on this very subject.
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Hey Rolland thanks again for sharing your charting insights.
I've noticed your mic is always really quiet on your own videos, but you're as loud as anyone in the round tables, do you have another gain knob somewhere you can twist up for your own vids?
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Check out the last post from @hivebuzz:
It's quite harder now for regular people to invest in bitcoin as the value keeps pummeling towards the moon, a good advice still, but these days the demand for the Bitcoin has heightened , it's a scarce commodity, Kudos to those millionaires who held since ever...
Still expecting BTC >>>>$100k
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That $50k mark seems like it is going to be a really tough nut to crack. We have been seeing more resistance there than I really thought we would. Once we do finally top it I think that $60k mark could be really conservative.
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I agree!
I beat myself up for not getting in at 3900 and thought I was late getting in at 18k, now 50k is on the Horizon. This has been am amazing year since March crash, and I agree it’s not done yet. Plus I am into zETH and I am amazed with it also.
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Love seeing bullish predictions like this. I will continue adding BTC as often as I am able!
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Very very nice thanks!
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