MikeMM

Tipping point for bitcoin in history, world adoption imminent.

Long
MikeMM Updated   
COINBASE:BTCUSD   Bitcoin
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.
Comment:
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.
Comment:
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 :)
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.