We are in the ''dumb money'' part of the bull run (showcased by Doge). It is no longer safe to HODL comfortably, you have to watch these charts and the coinmarketcap list daily now for signs of a reversal. The comfy HODL period was from mid-2020 to January through March 2021.
Only safe times to put in new fiat is on these events:
- BTC drops by 20-25% and hits the 30 day or 50 day simple moving average (use tradingview.com to view this).
- BTC drops by 30-40% and hits the 20 week simple moving average (screaming buy). I think this will happen in the summer. The 20 week simple moving average is always tested in a bull market and it generally bounces off from there.
If you want to take on extra risk, then buy your favorite alts when BTC has dumped at the above two scenarios.
Thanks for the info.
I was reading and watching some videos , but it's overwhelming, with all the information and suggestions online.