I've decided to add a Bitcoin/U Uniswap V3 range to buy the dips for a bottom-fishing strategy, with the range roughly between 52,000 and 79,000.
Looking at data from the past thirteen years, Bitcoin has broken below the MA730 (two-year moving average) five times, and each time it entered a range-bound oscillation, which is the bottom range.
This time, the drop below the MA730 is at 85000. Based on a lower limit of 0.6 and an upper limit of 0.95, we simulated the possible range for this drop, aiming to ensure that the price stays within the range 95% of the time.
Although 60,000/65,000 is probably not the absolute bottom, this range can be sustained for 6-12 months, so even with transaction fees, it should be enough for me to buy at the absolute bottom.
(Trying to) be a friend of time 😂.
twitter.com/0xTodd/status/2019...
