BitcoinLong
Scalling out of my BTC position
Hi everyone, long time since last post as i've switch my focus on just trading longer term moves and cycles. For my few subscribers that might be following along, today actually marks the first time in many years that i have sold any BTC.
My strategy is to scale out of my position of BTC, and in my 2 year plan this 85k was always the first price target. I think btc can go as high as 135-150k this cycle, however perfection is the enemy of good. I want to capture the gains i have made and not hold through another bear market, but be more liquid then last cycle. The red dots represent my selling points and i will be selling 20% of my stack around each price target, 95k, 105k, 110k.
If you've followed my previous idea's youd have an average buy price of 25k or less.
Here is my general outlook as of today.
BTC Dominance has hit its target but can go up higher. (look at btc.d - stable coins)
BTC to top between 135-150. Happy with my gains especially if i can average out at 100k+
ETH to over perform going forward. Not looking to trim until 5k (20%)
Doge start trimming closer to $1.
Tesla, trimmed 20% today.
My strategy is to scale out of my position of BTC, and in my 2 year plan this 85k was always the first price target. I think btc can go as high as 135-150k this cycle, however perfection is the enemy of good. I want to capture the gains i have made and not hold through another bear market, but be more liquid then last cycle. The red dots represent my selling points and i will be selling 20% of my stack around each price target, 95k, 105k, 110k.
If you've followed my previous idea's youd have an average buy price of 25k or less.
Here is my general outlook as of today.
BTC Dominance has hit its target but can go up higher. (look at btc.d - stable coins)
BTC to top between 135-150. Happy with my gains especially if i can average out at 100k+
ETH to over perform going forward. Not looking to trim until 5k (20%)
Doge start trimming closer to $1.
Tesla, trimmed 20% today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.