1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

Koichos

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K'lal Yisraʾel
(July 14) CME gap is sitting between $117,600 and $118,100 which I fully expect BTC to fill this week, but it would be nice if it came all the way down to retest the $112,000 breakout.
About time! It only took, what, 19 days? I would really like to see a retest of our previous ATH of $109,000 but that might be asking for too much. :hmm:
 

Sccit

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About time! It only took, what, 19 days? I would really like to see a retest of our previous ATH of $109,000 but that might be asking for too much. :hmm:

AND WHAT DOES THAT MEAN?

PLANNING TO COP SOME MORE ETH SOON

WONDERING WHAT A GOOD ENTRY POINT IS

:jbhmm:
 

Koichos

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AND WHAT DOES THAT MEAN?
ATH = all-time high. After an asset reaches a new all-time high, it will typically retest that high to determine whether it was a true breakout or just a deviation from the range.

PLANNING TO COP SOME MORE ETH SOON

WONDERING WHAT A GOOD ENTRY POINT IS

:jbhmm:
I wouldn’t worry at all about entry points at this stage of the cycle. If you have the capital up front, lump sum; if not, dollar-cost average. In a bull market, lump sum investing statistically outperforms dollar-cost averaging due to the the market’s inherent upward bias - that is to say, the sooner you invest, the quicker you can accumulate appreciation.
 

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ATH = all-time high. After an asset reaches a new all-time high, it will typically retest that high to determine whether it was a true breakout or just a deviation from the range.


I wouldn’t worry at all about entry points at this stage of the cycle. If you have the capital up front, lump sum; if not, dollar-cost average. In a bull market, lump sum investing statistically outperforms dollar-cost averaging due to the the market’s inherent upward bias - that is to say, the sooner you invest, the quicker you can accumulate appreciation.


I KNOW WHAT ATH IS

GOOD LOOKIN OUT

I WANTED TO BUY SOME YESTERDAY @ $3,400 BUT IT WAS TISHA B'AV SO I FIGURED BETTER NOT TO
 
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