This
$BTC drop is not only healthy but was absolutely necessary.
I'll talk about what this means for
$AVAX and
$COQ
Over $84M in long positions were closed out right at the peak we hit this morning.
This was to be expected. Leveraged long positions become increasingly more risky as we enter into new territory.
Now that a good amount of long positions have been closed the doors should be even more open to push through and past ATH.
At this point we could see
$BTC decline to support around $64k for the next week or two before making its breakthrough run into the $70k range.
From that point then we can begin to see money flow down into
$AVAX.
We already know this will be a substantial month for
$AVAX as we have seen
@luigidemeo and
@el33th4xor hint at what may be coming.
Plan for
$AVAX to decline or chop for the next week or two and begin to accelerate after that. It may happen sooner, but patience is key.
$COQ is also continuing to be positioned in this accumulation phase to absolutely rip.
We are seeing holder count increase daily and larger wallets spreading money down to smaller holders.
All green lights ahead