Ok, gang. With all the staking I’ve been doing lately, I figured I’d stake something else: my early reputation on this platform. Today, I share my BTC chart. It isn’t all that technical, but does look at StochRSI and basic support/resistance lines.
I initially projected more upside after BTC melted up past 37.8k the second time this month but I’ve since reversed to see this line as resistance. I project either more sideways movement before a failed attempt at 40k or the beginning of a long-due correction before we truly take off. Part of it is gut feeling from seeing weakness from the alts, part of it is the fact that tomorrow is December, where big bags tend to bank profit and try to leave the rest of us holding heavy bags in January.
Obviously not financial advice—I’m entering half a short position here with a stop-loss at 38k, another half waiting at 37k, and a close target of 35k. Maybe even 32k if our old friend FUD visits for the holidays 😃.
Wish me luck! 🍀 And best of luck to your positions! 🤙🏽 Show Less