Complete dubious speculation.
Obviously Bitcoin is on a roll. I am a perma-bull so take this for what it's worth.
The way that we have walked into our ATH is very similar to last February. Whether or not we continue to the moon from here without stopping, that is the question.
Last February I had high hopium only to see Bitcoin fade in March. As we are all now riding the Bitcoin dice, it makes sense (at least for me) to consider a potential pullback/re-test scenario.
I'm going to use the next few days to pull aside some profit for a re-entry as a hedge, and set some tight stops assuming a pullback/re-test is near. It should be pretty clear that we are super heated at the moment and that we need to take some time to confirm our support levels.
My HODL positions are long and they will have to stay put.
Not financial advice. Do your own research - it's rewarding.
Obviously Bitcoin is on a roll. I am a perma-bull so take this for what it's worth.
The way that we have walked into our ATH is very similar to last February. Whether or not we continue to the moon from here without stopping, that is the question.
Last February I had high hopium only to see Bitcoin fade in March. As we are all now riding the Bitcoin dice, it makes sense (at least for me) to consider a potential pullback/re-test scenario.
I'm going to use the next few days to pull aside some profit for a re-entry as a hedge, and set some tight stops assuming a pullback/re-test is near. It should be pretty clear that we are super heated at the moment and that we need to take some time to confirm our support levels.
My HODL positions are long and they will have to stay put.
Not financial advice. Do your own research - it's rewarding.