what bitcoin finna do

feels like its going to enter the last support/ resistance block of the last bull market

a break below 2.9k/3k is probably a death sentence

i tweeted on Oct 31 that bitcoin being stable + the combination of weakness in high caps was causing me to sell off almost everything (particularly after that nice little mini alt pump season thingy on tradeogre)

i'll be looking to redeploy most of my capital between 4.2-and 3k

if we go below 2.9k, we'll re-evaluate

also, the $100-$500 moves on BTC that used to mean less than 1% moves are now starting to add up to fairly large dips

trade very carefully

personally, i think we're approaching the point of maximum opportunity, but if you try to knife catch bottoms, you'll also be assuming max risk

good luck and happy thanksgiving

註釋

what u really wanna look for is a 10d-20d MA cross for some sort of uptrend confirmation, tbh

註釋

update: the range for now in macro is 3k to 4.5k but there's not a whole lot of support at 3k and not a whole lot of resistance at 4.5k, as there ain't a whole lot of price history at either.

me personally? as time is going on, i'm starting to DCA back in lightly here, but i'm keeping most cash in reserve. not gonna chop my fingers off trying to catch the bottom.

Be safe, y'all

註釋

still in the range, good call chaddo

註釋

aging like fine wine

註釋

historians will one day regard this chart as a perfect bottom call, and teach it in schools