Watching BTC closely, can it break out?

2 февр. 2022 г.

It looks way to easy for BTC to drop another perfect fibonacci symmetry down to it's hardline support levels. Stocks, crypto and anything money related on the large scale never follows TA perfectly and it doesn't go sideways down nicely. Normally it'll flirt with you with some bull traps, fake out rallies and give you a real reason to hold onto your cash.

With strong GOOGL earnings yesterday, which will effect Alphatbet and others, these will have a larger effect on the Indexes. BTC is not decoupled from the stock market, so you have to consider the larger picture.

So what am I doing?

I've closed my BTC short position for now and will wait out, ready to enter again so I'm not holding a completely Delta 1 strategy.

I've entered long on FTM at 1.99 and a couple of Degen plays on 3OMB finance, staking 3SHARES. The later seems to be a rebasing DAO new copy, but in its infancy, very cautious play.

I still have cash to buy dips.