$BTC TOP 20
Added 2023-01-14 19:48:30 +0000 UTCI am in no way buying this pump, for one, we do not like to see parabolic moves, as it shows repeatedly that what goes up fast, can come down even faster, this is not strength, this is people jumping in and not being disciplined. This is likely an ending diagonal again with Wave 5 still to complete.
I have raised the buy zone now to around $14000+ but I will be in no rush to buy this, especially when so many stocks will be of better value and a value we can measure, in terms of it's fundamentals.
On a personal note, I think Crypto should only contribute to less than 10% of your portfolio, this is only my view, I still like growth stocks and have no issues being a little risky towards them, once their fundamentals and growth trajectory is stable (like I believe Nio's are).
I think ultimately Bitcoin is still in the gamble and see what happens category, it has not shown to be a store of value as the market deteriorated and so I believe it has struggled in its first real test.....that is not to say that I don't believe it can be a formidable force in the future but for now, it still needs to show it's value. This is only my opinion on Bitcoin, all other Crypto I believe carry more risk.
