Having already doubled this year, bitcoin is back on the move. Take your eyes off it and you risk missing out on life-changing profit potential!
I certainly didn’t see a price surge of this magnitude coming so soon. In fact, after the brutal nosedive bitcoin took at the end of last year, I was expecting the position established last year as part of my bitcoin trading plan to be underwater for AT LEAST a year. Instead, I’m pleasantly surprised to see it already solidly in the green with momentum pointing higher.
If you haven’t already, I would encourage you to at least open a Coinbase account in preparation of the next buy signal. Remember though, and I can’t stress this highly enough, you should not invest more than you are prepared to lose. Please review my bitcoin trading plan for guidance on position sizing and strategy.
Also, to help keep bitcoin front of mind, I went ahead and added it to the Market Reading Pro app. I was waiting for a bitcoin ETF to be approved first but decided it shouldn’t wait any longer. The time to prepare for our next potential home run is now, so we can’t take our eyes off the ball!
If you fail to plan, you are planning to fail!
Benjamin Franklin
