Many people got very scared the last two weeks considering the moves in #BTC price.
This thread will help you gain all the clarity you need for months to come and understand why this is still a great and maybe last good time to invest in #Bitcoin cheaply.
First of all, it is important to realize the dominant Higher Time Frame trend is BULLISH 🐂
We are talking about a Monthly or even Quarterly timeframe.
And you must understand that this sharp downward movement is nothing but a healthy correction in a larger trend.
Many media news will show you a picture of this kind, stating how $BTC is crashing heavily with a move of - 25% in 11 days and that the bull market is over.
This is being done with the intention to evoke fear in you and sell your #Bitcoin so that someone else can buy cheaply.
A lot of people have long-term HODL positions but how to actually play those really many ask?
Unless you plan to take them to your grave I will try to give you a few tips on how to do so.
THREAD.
A lot of people say HODL but then they end up HODLing a coin(s) for 1000% gains only to see it go -98% later on and spend another 3-4 years HODLing through it.
That leads into:
- Huge opportunity cost
- Very stressful times
- Selling the bottom
While HODLing is a great thing, you still need to play it right and that is done by buying in at HTF areas.
I'm personally using these:
- Monthly, Weekly supports
- Passive DCA on -50 to -90% retraces
- New listings of promising projects