Technically:
- we have a higher high
- we have a higher low
- we successfully broke out and back tested the upper bound of or downtrend channel (red)
- we broke out of our down trending RSI (4hr and daily)
But
We don't yet look good on the daily and we still don't have a character change in volume (in my opinion).
We didn't touch $50k before sputtering.
I am not convinced. My gut says dump below $45,750, similar to the up/down 11-13 Dec.
My thesis is that BTC now has the character of a institutional asset and we are in the closing weeks of the fiscal/calendar year.
But truly, I don't know. It's and extension of what the ETH data tells us in terms of who is buying and influencing the market the most. It's not retail anymore.
For disclosure.
I hold BTC that I will not sell (my sovereign wealth).
I am accumulating via weekly DCA.
And, if we dump precipitously to $30k (or lower) I will be buying ravenously.... like if it ain't screwed or glued it's getting sold.
- we have a higher high
- we have a higher low
- we successfully broke out and back tested the upper bound of or downtrend channel (red)
- we broke out of our down trending RSI (4hr and daily)
But
We don't yet look good on the daily and we still don't have a character change in volume (in my opinion).
We didn't touch $50k before sputtering.
I am not convinced. My gut says dump below $45,750, similar to the up/down 11-13 Dec.
My thesis is that BTC now has the character of a institutional asset and we are in the closing weeks of the fiscal/calendar year.
But truly, I don't know. It's and extension of what the ETH data tells us in terms of who is buying and influencing the market the most. It's not retail anymore.
For disclosure.
I hold BTC that I will not sell (my sovereign wealth).
I am accumulating via weekly DCA.
And, if we dump precipitously to $30k (or lower) I will be buying ravenously.... like if it ain't screwed or glued it's getting sold.
