BTC looks to be printing an atypical bullflag here with heavily contracting price action after the most recent run. I have been expecting a correction for a while and it just has not come, maybe we really do bust to 75k before, this would make a correction here a much higher price point.
Using a 30% correction we will note the following.
Correct here (62k) = 43,400$
Correcting at 68k = 47.6k
Correcting at 75k = 52.5k
Either way it makes NO SENSE to not have some pull back here. Harsh pullbacks are part of bullruns, expect many gut wrenching pullbacks this year. This is why getting in as early as we did is so pivotal, you can be caught naked with a 30-40% haircut very easily on any of the assets we discuss if you buy local tops.
Summary:
Bullish next few weeks
Correction Before mid-April (not adding to positions other than link/avax)
Bullish AF long term
Using a 30% correction we will note the following.
Correct here (62k) = 43,400$
Correcting at 68k = 47.6k
Correcting at 75k = 52.5k
Either way it makes NO SENSE to not have some pull back here. Harsh pullbacks are part of bullruns, expect many gut wrenching pullbacks this year. This is why getting in as early as we did is so pivotal, you can be caught naked with a 30-40% haircut very easily on any of the assets we discuss if you buy local tops.
Summary:
Bullish next few weeks
Correction Before mid-April (not adding to positions other than link/avax)
Bullish AF long term