Chances Bitcoin Has Bottomed Out


Published on August 21, 2022 by

Just like we take profits on the way up to mitigate the risk of a future down trend, there is such a thing as mitigating the risk “in reverse.” If we have bottomed, you don’t want to walk away with no exposure to the market at these levels. If you think there is a 20% chance that we’ve already bottomed, then it wouldn’t hurt to take 20% of what you have on the sidelines and scale it in at these levels.

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