I need a plan for mid-term to navigate initial $60k rejection to capitalise on ALT / BTC market.
So far (perhaps through some luck) I have managed to navigate this break of the downward resistance. We still have heavy horizontal resistance to break and despite the calls for a big green wick to $250k this is likely to be a more managed affair.
Expectation:
1. Hodl: BTC To scale over the next few days to $60k into narrow horizontal channel
2. Sell unstable ALTs and any leveraged coins: Rejection will spook ALT market and there will be calls for double top - Small sell opportunity. Always a difficult point as there ALTs will be breaking out to attract FOMO Accumulation of ALTs
3. Switch to Classics: BTC - ETH option... even LTC if it is lagging up to this point. Up the leverage to target
Perhaps we will be at $75k tomorrow and this is all invalid but I confident this will play out. Downside, always a potential but the break of the bullflag would be unusual and difficult to plan for.
Best, Hard Forky
So far (perhaps through some luck) I have managed to navigate this break of the downward resistance. We still have heavy horizontal resistance to break and despite the calls for a big green wick to $250k this is likely to be a more managed affair.
Expectation:
1. Hodl: BTC To scale over the next few days to $60k into narrow horizontal channel
2. Sell unstable ALTs and any leveraged coins: Rejection will spook ALT market and there will be calls for double top - Small sell opportunity. Always a difficult point as there ALTs will be breaking out to attract FOMO Accumulation of ALTs
3. Switch to Classics: BTC - ETH option... even LTC if it is lagging up to this point. Up the leverage to target
Perhaps we will be at $75k tomorrow and this is all invalid but I confident this will play out. Downside, always a potential but the break of the bullflag would be unusual and difficult to plan for.
Best, Hard Forky
