Bitcoin Remains Precisely on Target Path to 60k

And a few trade updates for my followers.

Good Morning,

In my last post(s), I had projected a bounce from 64.8k to 69k. Check. Then, I suspected we may drop again and next break 64.8k. Check. The next target was then a retest of my multi-year support/resistance tl from 2019. We are almost there. The tl actually sits at around 61k and rising. However, we could wick down below that during the course of a day. Once at this point, I explained that the market will have to decide whether we drop further (in this case, 48k would be our next target down) or whether we rise again and move up to my inverse h&s target of 79k. My bet is still on the latter. But any break below that 2019 tl with confirmation could easily change my mind. Until then, the line in the sand has been drawn and I remain bullishly biased to 79-80k at which point I will re-assess.

As far as my trades go, I was stopped out of SEI after raising my stops yesterday. I raised my stops due to my conviction on the pullback and wanted to cut my losses should we move further down in the alts space, and I believe we could. I was also stopped out of MINA at break-even. So, no loss there. And I was stopped out of SHDW for a tiny, tiny gain after making a much larger gain last week with profits.

I am still in ORCA, XRP, and XPRT. XRP almost stopped me out. But with fractions of a penny, I am still hanging in there on that one. Should I get stopped out, it would basically be a break-even stop. And ORCA and XPRT would leave me with a loss. It will be close, but I think they may make it.

I also want to start preparing my followers for the fact that I may begin paid subscriptions soon (probably in April sometime). As many of you know, I paused paid subscriptions during the bear market knowing that I would not be trading a lot and not wanting to charge for a service that did not provide maximum value to my subscribers. My goal was to start back up once I had become confident we could all begin to make sizeable profits on long-only, crypto-only, non-leveraged spot trading. We are doing this now. Additionally, I have greatly improved my trading capabilities through study, dedication, hard work, and additional toolsets. Shortly, I will be looking to add copy-trading accounts for my subscribers who want automation. All of these trades, posts, and added features take a huge amount of additional time. I do not desire to continue this venture if I am not reimbursed for my time in some small way. And I have always been pleasantly surprised at how quickly many of you were willing to support me here. Your subscription is a vote for me to continue with this venture. On the other hand, if you don’t feel that my services are of value, I don’t expect a paid subscription. But essentially all of this helps me to determine my future direction here. Even though I really would rather remain private and trade by myself, you all have shown me that there is a desire for my work in public. So, thank you for your continued support, and know that there will be more to come on this announcement as we move forward.

Best,
Stew

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