See you after Labor Day - $TOTAL
a very very boring summer for crypto has been obvious for the last several weeks as we have stayed in this range. Volatility continues to decline and make lower lows for BVOL24. This makes me think we continue in this very boring range until at least after labor day, if not even later. Time to spend time on yourself and those you love this summer and ignore the charts. Unless you are trading something that is trending like the SP500. I expect a very volatile fall season into winter and there is a lot of capital sitting on the sides ready to play the crypto market.
For my spot long term holdings I continue to dollar cost average into the market at the range lows.
There are so many doom and gloom posts and moon boy posts as well we need another 45-90 days to flush them out in the chop of this range.
If this range breaks down my next target would be the $1.1T level where I would continue to DCA spot buys.
I believe we are in the adoption phase of crypto currencies and it is very relevant to have spot allocation for my own portfolio holdings. I believe the next 5-10 years will see exponential growth and I see buying the lows as value buys.
This is for educational purposes and none of this should be taken as financial advice.
For my spot long term holdings I continue to dollar cost average into the market at the range lows.
There are so many doom and gloom posts and moon boy posts as well we need another 45-90 days to flush them out in the chop of this range.
If this range breaks down my next target would be the $1.1T level where I would continue to DCA spot buys.
I believe we are in the adoption phase of crypto currencies and it is very relevant to have spot allocation for my own portfolio holdings. I believe the next 5-10 years will see exponential growth and I see buying the lows as value buys.
This is for educational purposes and none of this should be taken as financial advice.