Ok we were right not to pay 25k but how about 20k?

Update from vacation in Stellenbosch South Africa!

It's lovely here. That is all.

OK, seriously, in the associated posts I spelled out why it was dumb to follow the "influencers" who just want you to trade, and who don't care if you make money. They were all howling for the moon at $24-$25k.

The screenshot on the chart had BUY BITCOIN !!!!!!!! 3 weeks ago.

Luckily YouTube automatically alters his titles when he screws up, so now it has ?????? after it instead. Only idiots follow him.

So, to answer the question, at this lower ($20k) level it is worth a DCA buy. The rally to 25k is bullish evidence, but wasn't a buy opportunity. Maybe buy when Carl says sell? (Like he is now)

There may be another rally back up and another drop to come. I don't think it goes down to 16k, simply because everyone would love that. I think that might actually be bearish, in fact. There are other reasons, but I'm keeping them for subscribers.

Have patience, suppress your instincts. If you listened and didn't buy at 25, you have no pressure on you.

Commento:

So far so good, but don't get carried away, likely to stop again in the 25's, more to play out here.

Commento:

I sold some of my DCA up at 27.5, will replace them lower down.