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Stockmoney Lizards
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@PeterSchiff enjoying your strategic #
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#Bitcoin is about to have a strong weekly finish - which is very bullish (despite it being a rather low-volume weekend pump) 109k remains the upper limit of the resistance zone. Above this level, expect a brutal short squeeze catapulting us towards 125 - 130k.
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#Bitcoin bounced off this support like a rubber ball. 150 - 160k is the conservative target for this cycle. More likely 200 - 250k. Buy the dips...
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Personal learnings for Altcoins (if you choose to be active in that segment): Don't buy green god candles. Low prices, low rsi on high timeframes = derisked asset don't chase altseason, 200-300% in crypto are easy if you accumulate low, you don't need altseason. Don't ape into every coin you see. Focus on few. It will lead to a) low cash reserves in dips b) distract your focus. 500% gains with $100 investment is worse than 50% gains with $10,000 investment. Don't set utopic targets. Give yourself time. 5 years are better then 5 months. If you rush, chances are high your ngmi Sell when others are celebrating. As you scale in, so you scale out of positions. Accept the fact that you will NEVER hit the exact bottom or peak. NFA.
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Money rotation in progress. #Ethereum is the shitter of the hour. coins like #ADA #LINK #AVAX will be next. Remember not to marry these bags. They rise and fall. Enjoy the pump and take profits when the time is ripe. NFA.
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#Bitcoin let's see how this goes. But sentiment has clearly shifted. There's still a lot of sell orders above 104k. The moment we tap and break the old ATH, expect a massive short squeeze.
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