Long

Tipping point for bitcoin in history, world adoption imminent.

Updated

Tipping point for bitcoin in history, world adoption imminent. This is a short term price target, higher highs will be made but this could be when you take some money off the table and bless yourself with a vacation.

Note

Okay so in all seriousness I sold roughly 20% of my coins at an average of 56,000 per coin when I couldn't ignore the possible Wyckoff distribution going on.. I have re bought all of that around the 36,000 range. I anticipate that we will move up from here, but I am quite frankly terrified that we are currently in a Wyckoff redistribution that will send us lower maybe even 15,000-20,000 range.

In hindsight I should have sold more at the top, I only shaved off roughly 20% of my position. My reasoning for not selling more is that I was still bullish this run was going to continue, I expected 30% maybe 40% crashes along the way. I did not expect this BIG crash so soon... It has thrown me off. That's what the Big whales want though, to put me into a position I do not feel comfortable being in. Also, I would not have re-entered my position in bitcoin had it not fallen so much unexpectedly... I would have continued to shave off percentages of my holdings at each new high.

TLDR: I'm all in again and looking for new all time highs. I will be re-selling my recent entry at 36,000 somewhere between 47-52,000, I simply came back as a buyer of last resort since everyone else is paper handing, so my job here is almost done. I will let the remaining 80% of my crypto ride to new all time highs.

Note

Oh and my timeline for resuming the bull run would mean we hit at least all time highs before 2022... I expect a top between nov-jan so hopefully we move a little quicker :)

MikeMM

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