Slow bleed over the weekend. Golden pocket broken.

Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options.

I expext an extremely volatile week ahead. Make use of it and don‘t fomo/panic either way. Get a plan ahead and execute.

SPX futures have opened the daily in the green. If stocks pump, we should find a bottom soon on BTC

Update: above the golden pocket again.
Not all hope is lost for a bullish reversal, yet!

If I remember correctly, we have spot ETFs in Canada, US, Hong Kong and soon Australia? I am pretty sure many countries are already working on their own format already.

The US approval was the biggest step for mass adoption. There is barely any stopping now. The only question remaining is how long it will take.

JUST IN: 🇦🇺 Australia set to approve Spot Bitcoin ETFs this year, Bloomberg reports.

@WatcherGuru

P.s.: don‘t get shaken out on your alt positions, because:

^

Except WIF

What I mean with don't fomo/panic:
- In my opinion, before you buy/sell anything, you should ask yourself: Would I short or long this asset.
What you want to do (longer-term view) is zoom out and and then make a Risk/Reward assessment
Taking the example of LDO:

Is the risk here higher to short or long?

My answer is easy: long here unless we break this long-term uptrend again and get a retest from below. This is where I would (panic) sell.

As long as we are above and only get wicks below, I am totally chill holding this.

Would you short or long WIF?

I would say neither. I would have shorted (or sold if I held some spot) after it did 1500% up.

As I am personally not a big fan of WIF, I wouldn't spot buy anything anyhow here. On the other hand, I wouldn't sell/short it as well. This is a coin that has no good risk/reward here. It basically is a gamble to buy/sell here.

Spot wise, I would accumulate it at the 0.6$-1.1$ range.


My best advice I can give: Before you trade out of a gut feeling, which essentially is fomo/panic, get a fundamental analysis and make yourself some rules how you act and then act.

For me and this (bull)run, I decided to accumulate and hold until prices get crazy. The only coins I have been seeing going crazy are basically BTC, SOL, TIA, INJ, WIF and a few other small shitcoins. These are the only ones I would sell/would have sold on this uptrend if I had held any.

As I am basically never selling any of my btc fractions just to not repeat my mistakes from the past, I haven't sold anything yet.

(On TIA/INJ/DYM I have started accumulating at the dips here)

$TIA
Absolutely something I am buying on bloody days

Let me add to this to be even clearer:

There is such thing as a "no trade zone" or in my case for my long-term bags a "no accumulation zone"

If you have an asset like WIF with a low entry: good, hold it until it either hits your take profit/crazy pump zones where it doesn't make to keep holding it. Or it hits a zone where you think it will just keep going lower, here you take a stop loss/low take profit.

If you don't hold it: also good, you don't fomo into it. You set your buy zones and accumulate. You can also enter if you see a clear uptrend continuation is coming. Unless it goes above this entry or hits the lows you are looking at, you simply don't do nothing. Do not overtrade in such a volatile market (leverage scalping is something else of course)

Current Daily looks so good. I hope we close the Daily here with this juicy hammer candle 👀

Coinbase $COIN earnings this week.
This will be the first earnings with the ETFs included.

Billions of volume, most was done on Coinbase. I have no clue how much they make of fees. The earnings will be very interesting.

BTC UP

Target 64.8k, 67k, 69k

Going some mild lev long on DYM here

Sucks so much my fiat is not rdy yet to add to my spot bags. So many alts on good supports here looking very ver ready

Target 64.8k, 67k, 69k

If you think that alts go much lower, you are desilusional

I buy when they cry