Long

BTC runs ATH and dumps $15k

Updated

I would not short this until confirmation, but I would ABSOLUTELY take some profit in this red range and I am doing so. I will take more on a FOMO spike to new ATH's on ETF approval news.

Why? Cuz Wall Street is all up in this bitch now and they like to create liquidity events based on news. They will use the breakout of new ATH on bullish news to take profit and push prices down to the ~50k area. I still think we will see 100k this year or next year 1st quarter, but it is not going to be an easy ride - or at least - not yet.

Note

Expect alts to run, possibly for the last time this cycle if this plays out.

Note

Already an accurate call if you trade on kraken. Lets consider this some foreshadowing for now.

Trade closed manually

I closed this today for minimal profit.

I said on twitter that the dump was pretty weak, but I wasn't sure what was going to bring buyers back either. Well, cue Janet Yellen.

It might be a mistake to close this but I love the daily close above 63k. Maybe I should be more patient, but I've always been sure BTC was going to break 100k this year and I'm not risking losing 20% of my holdings to scalp $10-15k out of each Bitcoin.

ITradeEverything

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