We're near the top of the pitchfork. Expect a drop, go for your sell positions but not for too long. Ride the wave up at the bottom of the next little crash, until 1st or 4th of July. Will be a good 4th of July.
Remember, we're at the ATH. We've had a massive 3 year cup for a C&H formation. The handle is being created over the next few months, so don't expect a huge upward movement until the handle has formed, but don't be in fiat when the handle has completed and we start the launch upwards to the Moon. 2-3 years we'll see that $4000 Bitcoin value, but it could happen within the next 12-18 months before the market changes and decides it's new direction and trend, although long term, 5 years, I believe it will still be moving upward, even if we have a massive flash-crash before then.
If you really want to risk it, short with a target of $400 within 2 years. Long term short. And buy back in in the $400-600 period and wait for $4000+ to sell again (4-5 years).
Remember, we're at the ATH. We've had a massive 3 year cup for a C&H formation. The handle is being created over the next few months, so don't expect a huge upward movement until the handle has formed, but don't be in fiat when the handle has completed and we start the launch upwards to the Moon. 2-3 years we'll see that $4000 Bitcoin value, but it could happen within the next 12-18 months before the market changes and decides it's new direction and trend, although long term, 5 years, I believe it will still be moving upward, even if we have a massive flash-crash before then.
If you really want to risk it, short with a target of $400 within 2 years. Long term short. And buy back in in the $400-600 period and wait for $4000+ to sell again (4-5 years).
On another bitcoin trading account I didn't short and only put in a pending order for the long and that account made 25% over the last few days.
I believe the next few weeks will be a little chaotic as they always are after these big flash crashes happen.
Remember, July 4th target $1705.