I’ve been saying here for sometime that the best way to invest in Crypto is to ‘dollar cost average’ into a position you are comfortable with.
Meanwhile I have not been a bull because I feel the damacles sword of the SEC and the issues of security, counterparty or otherwise for me takes the shine of holding a big position. However there are plenty of ‘bold pilots’ out there who aren’t risk off like this ‘old pilot.’
However for me there is a stunning chart in Bitcoin hat should make the bull rejoice and its quit a compelling formation for those interested in technical analysis.
Firstly you have to care about ‘Fractals,’ patterns formed by repeating processes. Fractals discovered by Prof. Benoit Mandelbrot has been a niche technical analysis technique for a long time and the Crypto crowd are more interested in it then the equity crowd, probably for generational reasons.
Here is the chart which its fractals highlighted.
Of course, if the full pattern repeats we are off to the moon and of course you should be sceptical but how about this?
This ‘fractal’ help guided me on a very profitable campaign in 2020-2021. It must be stated fractals are not mirror images just eerily repeating patterns. This is what one looks like in nature, so eat your Brocolli.
So here is that moon/crash master fractal from 2013 (twice.)
So if you are in the Bitcoin x10 crowd you can use these fractals to be your guide, but of course if you are a ‘Bitcoin maxi’ you can just DCA and HODL forever this kind of thing is just noise.
The project Bitcoin ETF will help normal investors hold bitcoin and the ‘halvening’ is on the way. However Crypto has a risk surface is so complex ‘dollar cost averaging’ remains a solid way to go unless you are confirmed in the heroic but precarious style the ‘bold pilot’ who wants to go full bore.