17d • BTC updates
BTC
Cash Is King right now.
We continue to dump.
This is exactly why cash > conviction in this phase.
I know what you’re seeing on Twitter.
Everyone is suddenly a genius pointing to the 200-week MA around ~58k and calling “the bottom”.
Scroll left.
In 2022, BTC dumped below the 200-week MA, then chopped and consolidated there for months.
It was not a V-shaped recovery.
Same rule applies now.
Catching a falling knife feels smart
Until it keeps falling.
If you want to bid the 200-week MA (~58k)
– Fine
– But even on spot, use a stop loss
– No ego trades
If you want to accumulate from 58k down
– Make sure you still have dry powder
– Plan for scenarios as deep as 30k
– If you run out of ammo early, you lose optionality
I don’t plan to repeat that lesson.
Survive first.
Profit comes later.
0
0 comments
BTC
powered by
skool.com/swiss-islamic-finance-1703
Investing insights, halal crypto & equities, and a community of conscious Muslim investors. Built in Switzerland, for Muslims worldwide.
Suggested communities
Powered by