BTC sojourn in the Mid 40sIf the channel holds true, down to 44K and possibly lower as things get excessive in crypto (this is the way). Some distribution appears to be happening between 46-48 K, which in a way is good news for those that wish to gamble on Alts and such. Tempted to sell a bit into fiat, but honestly I don't feel comfortable doing that right now. Every time I want to "trade" BTC with the methods I have available to me, I have to remember that the exchanges that I have access to are not ideal with regard to stops and such; what I then do is I will look to my forex account and play with that to satisfy that desire. At most I will be harvesting Alts into BTC periodically, and perhaps if the dip is enough, start tapping my stable-coin streams once the amounts/conversion rates make sense. Honestly, would prefer if BTC remains relatively stable for a period of a few weeks so that I can continue accumulating in my ways.
Were I to have access to leverage and a proper exchange, right about now I would be taking minor short/scalping opportunities on BTC perpetuals with very tight stops. Mind you, if this channel proves true, it can be considered a bull flag for an eventual shot at 50K and beyond. I still think that 50k will be a tough nut to crack and unless we get a fundamental event (Elon Musk purchasing 1.5B for Tesla coffers level of event), shorts will make their move just below this level. Either way, keep stacking if you don't have enough, and hodl unless you really know what you're doing.
