Friends, I know this current market is shaking some of us up. keep in mind the underlying fundamentals (BTC is digital gold). Not only that, it is a revolutionary movement that will help liberate people from our traditional bank and lending systems. Think about the world in 30 years. Do you see BTC in it?
We in the crypto world love the charts (fibonacci, volume, etc, etc). Yes we have broken resistance. Yes JP Morgan Chase published a bear flag. Remember this isn't a movement based on what the institutions think. They were caught off guard and are now piling into crypto. They will not slow down. I would argue that the possibility of the capital gains tax law under Biden will increase crypto adoption. In fact it may drive the prices of crypto up. There are many crypto backed lending platforms that let you borrow against the crypto asset whether they are appreciating or depreciating.
This is a longterm commodity guys. It's supply and demand based. In 30 years you can say you're a holder of BTC or not. Banks are scared because crypto is giving the population hip enough to realize it power. This is a global movement. These are global currencies. We don't need to have currency with faces of royalty, presidents, or symbols of power stretching back thousands of years. This is humanities moment guys. We can take OUR power back through crypto. The digital world is going to open our hearts and minds. Stay long crypto, and stay hard!
good luck,
J