With the daily RSI over 80 and the weekly over 70, it feels safe to take profits and hopefully re-enter lower. I have done this twice already around the 30k level.
I didn't expect the price to go as high as 36k, as I sold about 80% of my bag with an average sell price of 32.5k. However, I think it's very likely we'll see at least 30k again.
If price continues higher, I'll likely sell out of my position around 37.5k and open a small short position.
Patience pays.
I didn't expect the price to go as high as 36k, as I sold about 80% of my bag with an average sell price of 32.5k. However, I think it's very likely we'll see at least 30k again.
If price continues higher, I'll likely sell out of my position around 37.5k and open a small short position.
Patience pays.
Comment:
We wicked below support last night. Good sign for the bear case.
Comment:
We've now broken through support hitting 34.8k. I expect to see a much bigger 5-10% drop in the coming days. The big question is if 29-32k region will be the final support till the next move higher, or if another leg down is in the cards.