The Most “Oomph” From A Tiny Bite
I miss the silence
It has been more than a year since I last published a story here. A lot has happened. A lot has changed. Gradually, I found myself being less present in life. I’d like to believe that perhaps this is what adulthood truly is, but we all know it isn’t true. Maybe journaling would allow us to live a much clearer life. Through journaling, we discover who we really are and explore our own thoughts on becoming better and happier people.
Lately, I’ve been thinking about how we can get the most “oomph” from a tiny bite. I can’t help but gravitate towards one of the recent opportunities that is likely to benefit many people.
The Relative Strength Index (RSI) of Bitcoin (BTC) and Ethereum (ETH) just fell below 30, presenting an ideal opportunity to begin dollar-cost averaging (DCA) into it. When the RSI of an asset falls below 30, it typically indicates that the asset is oversold. The price has decreased significantly over a short period, which usually indicate that it is undervalued in the short term.
We’re currently in the middle of a bull market:
1. BTC ETF Approved
2. Passing of FIT21 Bill (Regulatory Clarity on Digital Asset)
3. U.S. Displays Pro Crypto Stance
4. ETH ETF Approved
5. A Minimum of 1 Interest Rate Cut in Q3/Q4 of 2024
6. U.S. Presidential Election (Crowd’s Favourite: Mr. Donald Trump)
7. FTX Distributes $16 Billion By End of 2024
If you’ve been interested to buy some BTC, starting a martingale strategy to DCA from $57,500 or any price lower than that is a good start.
Previously when BTC’s RSI broke below 30:
18–08–2023: $25,619
10–03–2023: $19,549
09–11–2022: $15,922
06–09–2022: $18,649
18–06–2022: $17,622
If you’re after something with a higher risk-reward ratio, you may consider getting some ETH. The inflows for the ETH ETF is likely to be optimistic. If it isn’t, the altcoins that contain one or more of the following buzzwords has a higher tendency to experience death by a thousand cuts: Intersubjective interobjective verkle tree beacon chain shared security avs data availability modularity.
If you’ve been interested to buy some ETH, starting a martingale strategy to DCA from $3,000 or any price lower than that is a good start. It is good to keep in mind that fundamentals drive the market, and the technicals time the market. The number one rule in a bull market is to simply survive. Don’t swim against the tide, just ride the current. All you need to do is to be directionally right.
Previously when ETH’s RSI broke below 30:
11–09–2023: $1,531
17–08–2023: $1,549
14–06–2023: $1,621
09–11–2022: $1,073
18–06–2022: $881
By the end of the bull market (my guess: Q2/Q3 of 2025), please make it a point to cash out and spend time with your family and friends. Value > Price.
