BTCUSDT Short
This is a theory from Gareth Soloway from when he appeared on Kitco News on Youtube ( youtube.com/watch?v=fyKkjhpXiE0 )
I'm going to keep an eye on this and maybe start to take small profits from altcoins between the 53k and 59k lines.
Worst case scenario in my opinion is that we revisit the 28k-32k range in late Q1 or early Q2. I will have BTC limit buy orders set starting from 40k and again at 35k.
There is of course also a chance that we break the all time high in late Q1 or early Q2 and this head and shoulders pattern would be invalidated.
But I think it's more likely that BTC won't break the all time high until late Q2 or early Q3.
I'm going to keep an eye on this and maybe start to take small profits from altcoins between the 53k and 59k lines.
Worst case scenario in my opinion is that we revisit the 28k-32k range in late Q1 or early Q2. I will have BTC limit buy orders set starting from 40k and again at 35k.
There is of course also a chance that we break the all time high in late Q1 or early Q2 and this head and shoulders pattern would be invalidated.
But I think it's more likely that BTC won't break the all time high until late Q2 or early Q3.
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