I feel first target is consolidation up towards 14k ish if bullish breakout its 20k easy otherwise we go down to channel bottom at 12k ish. Double top at 14k and monthly bear down to fib and/or wicks down to liquidate margin longs are possible, tons of fake outs and generally spastic price action.
At 14k im gonna put 30-40% of my portfolio at stop loss to take profit(from 8-9k investing range) and enter shorts to hedge against bearish price action with accumilation points at 11-10k, 9600, 9k, 6.5k(i am bull bias 80%), if we dont get triggered on our stoplosses and price only goes up, we continue to accumilate passive btc but with stop loss to convert to usdt at breakeven. Basically use btc purchase to gain interest instead of holding cash.
tldr below 20k its perma buy and hodl but good entries=more btc
pss personal strat post will update weekly/monthly with screenshots on how it plays out
At 14k im gonna put 30-40% of my portfolio at stop loss to take profit(from 8-9k investing range) and enter shorts to hedge against bearish price action with accumilation points at 11-10k, 9600, 9k, 6.5k(i am bull bias 80%), if we dont get triggered on our stoplosses and price only goes up, we continue to accumilate passive btc but with stop loss to convert to usdt at breakeven. Basically use btc purchase to gain interest instead of holding cash.
tldr below 20k its perma buy and hodl but good entries=more btc
pss personal strat post will update weekly/monthly with screenshots on how it plays out
Comment:
Comment:
Comment:
Still thinking we move slowly up to an apex of 14-15k and then we have to see if the pattern inside the channel continues a third time or if it breaks up/down.
As long as we stay above 12k I think the bullish patterns are valid
As long as we stay above 12k I think the bullish patterns are valid
Comment: