Momentum of BTC seems to be gone again. Then it's better to look from the sidelines with a small profit (approx. +€100) in your pocket. And wait for the next opportunity.
If there's one thing I've learned with Bitcoin, it's that you have to take advantage of opportunities.
BTC usually moves in extended consolidations and then rises or falls explosively to new levels.
At the moment, a number of indicators point to a blow-off phase for BTC. This is why I have swapped the BTC ETC in my individual 3xGTAA portfolio for a 2x leveraged factor certificate on BTC.
This is not possible in the Wikifolio because I only wanted to trade ETFs and ETCs there.
If there's one thing I've learned with Bitcoin, it's that you have to take advantage of opportunities.
BTC usually moves in extended consolidations and then rises or falls explosively to new levels.
At the moment, a number of indicators point to a blow-off phase for BTC. This is why I have swapped the BTC ETC in my individual 3xGTAA portfolio for a 2x leveraged factor certificate on BTC.
This is not possible in the Wikifolio because I only wanted to trade ETFs and ETCs there.
The "greed" sentiment also speaks in favor of a breakout. With "extreme greed" you can become more cautious, but even that can persist for weeks if we enter a blowoff phase.
In addition, there is a lot of bullish news, as expected in this market phase, which continues to build sentiment: Blackrock, for example, is now generating more profit with its Bitcoin ETF than with its flagship S&P 500 ETF 🤯
