Traders,
You can probably sense my growing caution here and you’d be right. As we near our BTC inverse H&S target of 79-80k, I want to prepare for another liquidation event or maybe even the beginning of a short to medium-term pullback. I don’t know exactly if/when this will occur, but I suspect we may be getting closer to the time/price. Therefore, I will sell alts on any of these near 20% or 20%+ pops. This time it was XRP’s turn and I quickly took 50% off the top at .71 cents as we are coming into resistance here. From my previous post, you will see that I raised all my stops to break even, excluding OSMO.
Again, I will look to re-enter if BTC hurdles 79-80k with solid confirmation or if it drops to at least 64.8k
Best,
Stew