CRYPTO BOTTOMS ARE ONLY PREDICTED IN HINDSIGHT!

Let’s chat about what’s going on with BTC in this season.

The first thing we do when we’re making crypto (or any investment) decisions is THE most important thing to do, and that is … to make sure that we are hearing from the Holy Spirit about what to do next. Buying the crypto dip is cool as long as you are being led by the Holy Spirit.

Clearly, the energy around town when it comes to crypto right now, is to sell. (Although I noticed that El Salvador was still buying the dip, spending over $1.5M to purchase more BTC last week). We all know that at this present time, the sellers are in control, but they won’t be forever.

This isn’t the time to quit though, this is the TIME TO BE LED! Just be patient. If you’re looking at dollar cost averaging there’s nothing wrong with that. (Dollar cost averaging is an investment strategy where the investor divides up the amount of money to be invested across periodic purchases of an asset, and that reduces the impact of volatility. These purchases will occur regardless of the price of the asset, and it happens at regular intervals.

Just be watchful about pouring all your money into the market right now thinking that it can’t sink any lower and that it’s going to skyrocket tomorrow. I do believe it will skyrocket, but I don’t believe it will be tomorrow.😊

One of my crypto mentors said, “Bottoms are only predicted in hindsight.” That means that no one really knows if we’re at the bottom right now, with BTC sitting at $21,617. today. We’ll know what happened after the market begins to move into higher highs and lower lows, (that’s just FOREX language for the situations that occur during trading, when the market makes a new high by crossing a previous high; or when the market makes a new low after crossing a previous low).

We’ll talk about some of BTC's history in tomorrow’s post. Be safe out there!

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.