what bitcoin finna do
Updated
feels like its going to enter the last support/ resistance block of the last bull market
a break below 2.9k/3k is probably a death sentence
i tweeted on Oct 31 that bitcoin being stable + the combination of weakness in high caps was causing me to sell off almost everything (particularly after that nice little mini alt pump season thingy on tradeogre)
i'll be looking to redeploy most of my capital between 4.2-and 3k
if we go below 2.9k, we'll re-evaluate
also, the $100-$500 moves on BTC that used to mean less than 1% moves are now starting to add up to fairly large dips
trade very carefully
personally, i think we're approaching the point of maximum opportunity, but if you try to knife catch bottoms, you'll also be assuming max risk
good luck and happy thanksgiving
a break below 2.9k/3k is probably a death sentence
i tweeted on Oct 31 that bitcoin being stable + the combination of weakness in high caps was causing me to sell off almost everything (particularly after that nice little mini alt pump season thingy on tradeogre)
i'll be looking to redeploy most of my capital between 4.2-and 3k
if we go below 2.9k, we'll re-evaluate
also, the $100-$500 moves on BTC that used to mean less than 1% moves are now starting to add up to fairly large dips
trade very carefully
personally, i think we're approaching the point of maximum opportunity, but if you try to knife catch bottoms, you'll also be assuming max risk
good luck and happy thanksgiving
Note
what u really wanna look for is a 10d-20d MA cross for some sort of uptrend confirmation, tbhNote
update: the range for now in macro is 3k to 4.5k but there's not a whole lot of support at 3k and not a whole lot of resistance at 4.5k, as there ain't a whole lot of price history at either. me personally? as time is going on, i'm starting to DCA back in lightly here, but i'm keeping most cash in reserve. not gonna chop my fingers off trying to catch the bottom.
Be safe, y'all
Note
still in the range, good call chaddoNote
aging like fine wineNote
historians will one day regard this chart as a perfect bottom call, and teach it in schools
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