$BTC - Maybe not, But a Warning that Bitcoin could get to 20kWhat would I do if I were an algorithm trying t take other people's money. Well, considering most people in this chat are extremely bullish at this price, I hate to be the bearer of bad news, but all the open Fair Value Gaps got me wondering "how much longer until it hits that Fair Value Gape near $20k...... so #SMT - Smart Monet Theory would suggest BTC would get as low as 20k. I've been saying this for a while but it was finally time to out it on a chart to show people. I personally got out at 57k and I have made some trades, but I'm not HODLING any unless there's 3% or more Staking for BTC somewhere, I think a few might have or lending which is good if you are going to hold them. I'm now. Bitcoin is not like a stock, it's a currency like forex. Anyway, everything is written on the chart, I would personally try to short BTC from now of the 4 entries mentioned down to the 20k take most off, put your stop loss at a good level and let the other shorts go in case it does end up going shorter. But I think staying below 20K was way too long snd now it'll just touch it. Could possibly drive everyone nuts by being between 20 and 25 for bout 6-8 weeks, but then we know that gotta be accumulation, I'd start checking the open interest and the volume of the Bitcoin Futures to see when we could see movement. Bitcoin futures show they added longs last week and we didn't see it go that way. Maybe We could be reaching d) on this chart.
Well to everyone,
good luck and good trading.
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