All things in moderation, including moderation. Spread more good than bad in this world and you’ll be a net positive force. My posts are not financial advice.
$BTC topped today. We will look back at $126,296 for a long time. How do I know? $BNB $ETH and $SOL. The great news is we will get an altseason likely starting in about 10 days. Look for the day $BTC goes big red and $SOL flips the script to big green intraday. #signs
My timeline is literally full of BTC bulls saying “generational buying opportunity”
…
Thus I highly doubt that. At $42k next Friday, people will be in shock and mostly unable to act as I was during the 3 failed visits to the 200 DMA.
Trading is not for the faint of heart…
@BitPaine Do we have evidence that he even sold any after that first $2.5M he sold? I mean to me there’s no way he’ll sell again after seeing how bad BTC dropped. He is massively under water now, down almost 20%. I assume he’ll just issue more MSTR instead of selling BTC at 20% loss.
@benjamincowen That is one of the most difficult things to do as a trader. You must always keep checking by asking yourself “What do I want to happen?” And then follow it with “What do I think will happen?” Make sure they are the same… always.
@FrankAFetter When bulls are making these types of comments still, then it is a dangerous time. My take is long BTC at $42k next Friday is a slam dunk trade. We shall see…
Here is the road map I see…
Break below $60k today, maybe down to $56k, close the daily candle around $59k
Sideways action for 3 days below $60k, then a final capitulation next Thursday/Friday from $54k to $42k.
Let’s see if the future confirms or embarrasses :)