Bitcoin hit that 30k resistance again and so I sold another third of my holding. As stated last time, I am looking to re-enter somewhere near 29,300 or lower. The other option is if Bitcoin jumps above 30k and confirms. At this point, I would also look to re-enter.
There is now a H&S pattern that appears to be forming on a longer time-frame. I’ll talk more about this in a future post if it completes. The target, if the neckline breaks, would be 20k. I can guarantee you that I’ll be grabbing handfuls of BTC all the way down IF this occurs. Big IF. But still possible.
Best,
Stew
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