(Originally sent to email list July 27, 2021)
First off, I want to disclose that i'm in the enviable position of being in crypto and Bitcoin since end of 2013 or so. Seeing Bitcoin trading above $1,000 is still pretty incredible, let along above $30k. Heck, less than a year ago it was barely back above $10k.
This perspective gives me a lot less worry than someone who's newer to crypto and maybe bought Bitcoin at $50k or ETH at $2400, so take my analysis as someone who's already done quite well whether it's trading at $30k or $60k.
For me, crypto is a long term strategy, proven time and time again that patience is the best teammate to play with.
Instead of hyperbolic headlines and meme's, my analysis is done the same way I analyze $NQ, Gold, $EURUSD and any other asset I trade.
We got long Bitcoin back in August of 2020 and more importantly we stepped out of the way when our stop losses were hit on May 21 of 2021, leaving all the chaos and carnage to...
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