$BTC
The current plan, rehash and update
So, in alignment with our bull market masterplan of
➡️$BTC reaching 160k
➡️$ETH outperforming
$BTC in the last 6 months of the cycle
➡️
#Alts catching up at the later tail end of that
A plan we have been sticking with ever since
$BTC hit 21.5 k, it's safe to say the that the journey has been a large success so far.
Within the late stages of the bull market, we have positioned heavily long and buyside on
$BTC, when it hit 76k in April, and compounded, especially into
$ETH, when it hit 99k in June.
Now with those positions up, we took quite some profits at the silver pocket, and have been looking to deploy one last time at the finish line of the silver pocket rejection, which is 111k.
So far, we have had the joy to see the pullback take place, but technically, our level of 111k has been front run so far. At the same time, that low is placed during the weekend. And no big short apes have been planted during that low. So a revisit is still likely.
I called off the plan of waiting for that level after reclaiming 119k. But upon reviewing the big picture, swings between silver pocket and base (of 111k), can be big, and as long as 125k (the bigger level) is not reclaimed, I'm still upon the mentality that the level likely does get hit.
CPI just dropped which is a moment of volatility and market maker involvement (continuing chop and bigger swings within that chop). So a move back to 111k is not the craziest call on that front. If 125k reclaims, that changes.
At the same time,
$ETH just hit our major target, so a pullback alongside would be great to shake out the late buyers.
Again, this is not a bearish stance, but just a logical viewpoint of where to Iook to load up more.
Personally sill 80% allocated overall, if it misses (and I recommend positioning similarly into the recent positions we have been posting, most are still around entry, especially the top 30 altcoin type of trades), but I would love to go into the final leg 100%.
Not shorting, not bearish, but not calling off 111k, unless 125k reclaims, then, I will ape the capital from the big
$BTC and
$ETH long profits elsewhere, which, will also be called out live, such as every single move.
Enjoy the updated plan, not much changed, except extended patience with a well-positioned mindset into a fast moving market, nearing in on the 10 week signal.
Still not entirely convinced we don't see 111k before a bigger move up (and a break on the silver pocket).
And that's not to be bearish, I am still not bearish. I have been one of the most bullish/non-careful non perma-bulls in over the last months of this platform, on
$BTC, as on
$ETH, as on alts.
But that as a consequence now has that we are already quite bullishly positioned.
So from that perspective, I am not too eager to just ruin those positions and ape here/ a lot more interested in 111k over any other level to buy more.
Again, if you are completely unpositioned, I refer back to older posts, such as the recent
$AVAX long and that general idea (still around entry now, I'll rehash this post), as well as the post where I talk about what to do when you just found out about me and are completely sidelined.