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2023-03-21 15:37:52

synace on Nostr: People seem to like #bitcoin #charts. What do you think of my Red Light/Green Light ...

People seem to like #bitcoin #charts. What do you think of my Red Light/Green Light lazy long term buy-sell chart? I'm basically a HODLer and I don't pay attention really anymore, except I do watch the green areas for alerts to "DCA" back in with any liquidity I've got, and the red areas as an opportunity to exit, if desired. An area of interest coming up is when the blue trend line crosses the 1.00 mark, I expect a mid-cycle reversal. We're at 0.91 now. Nov '15 -36%, Jun '19 -34%. I've never traded it personally, but I'm eager to see how it plays out. I might buy some $BITI inside the IRA for a short term trade in the next 2 weeks. I'll post an update on results.

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