Now that we have broke down this far, we have to wait for the btc 100 day moving average to catch up. It often happens in January.
A worst case scenario is that btc breaks down further to the current 100d MA at 79k 😬
Condensing my bags to just BTC, Henlo and Pengu, even tho I’m selling low and buying high.
Sunk cost fallacy.
All AI plays will lose to Henlo. We aren’t even at 100mil yet. Pengu will mop other community coins, imagine a major streaming service airing Pudgy Penguin cartoons. This is the future they are planning.
The test for BTC breakout levels is happening. Hoping for a quick turn around once we touch the lower Bollinger band on the 4hr. Loose prediction is if we break down to 94.5k, it’ll keep dropping to double bottom support at 91k.
The worst time to make a trade is right after you closed a good one. Pull your pants up, wipe your face, and wait until the chemicals in your brain calm down.
The halving in Bitcoin means not only does block issuance cut in half, but so does volatility. Last cycle, btc dropped 30% 250 days post halving then rallied 140% over the next 290 days. This cycle, btc dropped by about 14% 250 days post halving.
290 days is Monday, October 6th. Book it.