#BATUSDT The main bottom for the 2022 bear market for Basic Attention Token (BATUSDT) happened in December 2022, after it goes sideways but, let's take June 2023 as the market bottom for the purpose of this chart.
1- on the chart is a stop-loss hunt event. It leads to a bullish wave. 2- on the chart is the same; a reversal comes next.
The bullish signal is in because 2- is already gone. The action went below long-term support (June 2023 low) is now trading back above it. Three weeks green, bull confirmed; yes we win! Yes
#BATUSDT The main bottom for the 2022 bear market for Basic Attention Token (BATUSDT) happened in December 2022, after it goes sideways but, let's take June 2023 as the market bottom for the purpose of this chart.
1- on the chart is a stop-loss hunt event. It leads to a bullish wave. 2- on the chart is the same; a reversal comes next.
The bullish signal is in because 2- is already gone. The action went below long-term support (June 2023 low) is now trading back above it. Three weeks green, bull confirmed; yes we win! Yes
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Should You Buy Bitcoin?
In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.
