Hello friends!
Some months ago, I wrote a newsletter titled, “Selling Everything at The Mid-Top.” I had determined based on long-term data that it was a good idea to take profit when the cycle mid-top occurs.
There have been some things that have changed my mind. To be clear I have not sold anything and continue to hold onto my Bitcoin that I bought when I went all in at 16.5k in Nov 2022. You can see that tweet here.
This is will all be discussed inside the newsletter with my reasoning behind it. I believe it falls right in line with making good long-term decisions!
As you have probably noticed, as everyone has seemed to… Bitcoin volatility has tightened to incredible lows. Price action has remained stagnant even since last newsletter!
Everyone knows that it will come to an end at some point, but of course the burning question is when? This is something I will answer in this newsletter along with some other questions I have myself:
Is Bitcoin ready to be bullish again?
Does long-term data say when we will bottom?
Should we wait for a correction to buy Bitcoin?
Are the majority bearish or bullish?
All of this to be answered and more of course using long-term data from many sources.
Let’s jump right in!
This Newsletter Will Cover:
A Personal Note - Rethinking the mid-top
Market Psychology - Who’s bearish and bullish?
Data Analysis - Does long term data tell us the next direction?
What Should You Do? - Wait to buy?