Why BTC is going higher 🚀
If you have been following my feed, you will see I have entered a BTC trade at 33k and also turned 60% of my coins into alts.
This was not because of price action, as it looked weak. This was because the number of coins older than 1 year has been steadily increasing.
What does this mean?
It means that the people selling are the people who bought at the top and the long term holders are standing strong, in fact, we have some of the strongest conviction in BTC history!
My plan:
I am now holding a trade to sell at 60k, which some of you may have entered with me. I am also waiting for BTC to have a pullback to enter my last stable coins into the market. We have had a 20% increase with little pullback, there will be a relief sell off, which is when I will enter. Patience is key.
I will keep you updated.
This was not because of price action, as it looked weak. This was because the number of coins older than 1 year has been steadily increasing.
What does this mean?
It means that the people selling are the people who bought at the top and the long term holders are standing strong, in fact, we have some of the strongest conviction in BTC history!
My plan:
I am now holding a trade to sell at 60k, which some of you may have entered with me. I am also waiting for BTC to have a pullback to enter my last stable coins into the market. We have had a 20% increase with little pullback, there will be a relief sell off, which is when I will enter. Patience is key.
I will keep you updated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.