CrocoCrypto

BTC time to switch ?

Long
BITFINEX:BTCUSD   Bitcoin
As things stand BTC will more likely break the ATH , been wrong past 6 months trying to catch a reversal , but i was playing also both sides.Half of my capital currently is invested.
I am still sitting on cash with more than 50% of my portofolio in usdt.
If we start breaking ATH first target is 86k based on fibonacci but also when looking at 2 previous highs there is a trendline that extends and it correlates with fib extension .
First fib extension is 86k , second one is 106k.
I still think a 30-40% drop has to occur.
If that happens ,buy the dip mode will be ON.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.