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Bitcoin macro, plan unchanged.. won't even entertain buying spot in it again until it enter the box, Fib levels 0.6-0.7 ($58k-$40k) and wait for weekly confirmation/reversal.. to reverse the macro would need to climb into the 90s first.. if that happens will change plan
@eliz883 It was an extremely difficult year for crypto; the stock market offered the best opportunities this year by far.
Rotation was key this year, even into boring, slow-moving assets at times.
@KillaXBT Macro economics are driving everything now, not price action.
Until there is more clarity on rate hikes, bitcoin and risk assets will suffer.
Either way it should recover next year if inflation stabilises.
@KillaXBT Have a look at the 2018 stock market correction. The Fed also caused this by raising interest rates... If it follows a similar path, the correction in the S&P is not over and could drag out until the end of the year.