BitcoinShort
Incoming $BTC correction back to $72k-66k
BTC has had an impressive run. I got long right before the last leg higher pre election. BTC overshot my target by 6k, but the idea still remains that the 
83K-86k is the important resistance and I think we break back below 86k and then start a correction lower.
Everyone is extremely bullish here. Coinbase is the #1 app in the app store again and while I still believe there's 3-5 days left in this move higher, I think a correction is coming and so it's time to be defensive instead of take more risk.
With alts, I think many will end up below people's entries as I think most people went long alts in the past week or two. I think many alts during this move will correct 40-60%.
Therefore, I'll be exiting all of my BTC and altcoin exposure over the coming days with anticipation that I'll be able to buy back my bags much lower over the coming weeks.
If i'm wrong and I miss another move higher, so be it, but all the signs are there that this move is exhausted.
If I am right, then I think you'll want to have cash to buy this dip because this will be the last large dip before BTC and altcoins explode higher.
83K-86k is the important resistance and I think we break back below 86k and then start a correction lower.Everyone is extremely bullish here. Coinbase is the #1 app in the app store again and while I still believe there's 3-5 days left in this move higher, I think a correction is coming and so it's time to be defensive instead of take more risk.
With alts, I think many will end up below people's entries as I think most people went long alts in the past week or two. I think many alts during this move will correct 40-60%.
Therefore, I'll be exiting all of my BTC and altcoin exposure over the coming days with anticipation that I'll be able to buy back my bags much lower over the coming weeks.
If i'm wrong and I miss another move higher, so be it, but all the signs are there that this move is exhausted.
If I am right, then I think you'll want to have cash to buy this dip because this will be the last large dip before BTC and altcoins explode higher.
Note
Alright exited everything. Could go higher, but I think the probability favors the downside here.Note
Looking like the correction has started. Let's see if we make it all the way down to the target.Note
Still don't think it's time to reenter. I think the time to bid will come this week. If we don't get the move by the end of the week, then I'll start scaling back in.
Now you can see why I was cautious and took profits. Many alts are now back to their lows where they started and I still don't think the lows are in yet.
Not sure we'll get down to the lower supports. I think the likely entry will come around 76k. While I don't have the support level drawn on this chart, it's the cluster of price action that hasn't been retested.
However, other possible outcomes are that we only get down to 86k. Or the extreme downside move would be we test the blue trend line at around 71k or lower support at 66k.
Let's see how the week plays out.
Note
Still not bullish here despite the rally. Bottom coming the week of Jan 27th, and if I had to pick a day, it'd be the 28th.
Bullish from February onwards.
Note
I think it's more likely that we move up until Jan 27th-28th, then fall into mid-Feb. Could go up to $114-117k, then will fall back down below 90k. Will play through 
COIN calls.Note
Will post when I buy, bc likely we see a dip first. Looking for COIN to hold $267 on any move down, that'll be a trigger long that can take price above $350.
Obviously that means bitcoin would dip first before moving higher. My guess is we likely test 99k one more time, which if it holds, would trigger the long.
Note
Think it's actually more likely to sweep 94k. Then that sets up one last move higher to $114-116k, then a big move back down to 86k or below.
Still not accumulating alts. This environment is only good to trade. Accumulation for alt season comes in March.
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