Bitcoin
Long

BTC $83k-$86k top, then down below $30k?

585
I sold all of my crypto between May - July thinking we'd see a large correction. We did pull back to the 48K level, but we didn't see continuation below that level. Now price is within 1K of where I sold it and I now think we'll see the last move higher. So I'm starting to build exposure again.

If we look at the chart, BTC has been consolidating right below resistance.

I think we'll see one final move to 83K-$86k, then we'll see the larger correction that I was anticipating below $30k.

Still don't think we see $100k BTC anytime soon. I think that doesn't come until 2026-2028.

I've started building exposure to BTC again and certain alts, specifically DOGE incase Trump wins as I think that'll be a catalyst to send price higher. I

I think alts will see one last move higher into early December before the whole market starts to correct.

Let's see what happens.
Note
Price broke upwards and is on it's way to the target. I've been playing this move with calls on COIN and RIOT. I think this move is going to happen quickly. Positions:

Coin:
Sold my $205C 11/15 yesterday for 690% gain
Bought $275C 11/15 this morning could see price getting up to $335-350

RIOT I have $10C for 11/15 could see price getting up to $17.80 or so
Note
I'm assessing the possibility of a smaller pullback into $64-72k after we hit $83-86k. If it holds that region, it can see continuation into a final move up into ~$120k

Will see what the chart looks like after this initial move plays out.
Note
This chart is the new idea. Think it's likely we go to $83-86k this week as expected, then see a smaller pullback into $66k before the final leg. THEN we see the move I was expecting to $10k.


$BTC bottom and top targets. Top = $123-127k, bottom = sub $10k
Note
Target hit.
Took profits on COIN +1635%
Riot +860%

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