- Sama's Newsletter
- Posts
- Quick BTC Update
Quick BTC Update
The predicted dip is here, and here are my buying levels for December
As we discovered together in the Premium Subscription December letter two weeks ago, BTC will likely dip but end the month above 30k.
That still looks to be the case to me, and these are the price levels below I’m looking at to buy in during this pullback before the bull market resumes
level 1 - 38k
Level 2 - 35k
Level 3 - 31k
I will be increasing my buy size at each level
For example, a swing trader who has 1k available might go in a $200 buy at 38k, $300 at 35k, and $500 at 31k.
Price may not get down to 31k, but the return, the risk/reward of being able to put more money in closer to 31k is greater during this bull market.
If none of this makes sense to you - I encourage you to look into Dollar Cost Averaging and to simply pause your buying when this newsletter forecasts a down month. A nice and easy way to invest somewhat passively.
(None of the above is financial advice).
Be well, and happy holidays!
S