Bitcoin is testing the neckline of the H&S pattern.
16k might be the generational bottom if we get a close above 47k.
You can go with the break or wait for a retest of 47.5k.
If I were to trade it, I would wait for the retest as the big boys are into this now.
I would be playing this event by buying MicroStrategy (MSTR), Marathon Digital (MARA), CleanSpark (CLSK), Riot and get higher down the risk curve with Wulf.
Bitcoin miners and related stocks have been extremely high since Nov last year.
Currently, I do hold positions in Wulf and Riot. Only altcoin I am holding is AVAX and some DOT.
As for stops, I would like to have it anchored around 37k. Target would be all time highs!
This is my expectation, we will get a huge rally till we get the bitcoin halving which takes place in April.
Buy the rumour and sell the fact works well in cryptos.
Goodluck boys and girls!
16k might be the generational bottom if we get a close above 47k.
You can go with the break or wait for a retest of 47.5k.
If I were to trade it, I would wait for the retest as the big boys are into this now.
I would be playing this event by buying MicroStrategy (MSTR), Marathon Digital (MARA), CleanSpark (CLSK), Riot and get higher down the risk curve with Wulf.
Bitcoin miners and related stocks have been extremely high since Nov last year.
Currently, I do hold positions in Wulf and Riot. Only altcoin I am holding is AVAX and some DOT.
As for stops, I would like to have it anchored around 37k. Target would be all time highs!
This is my expectation, we will get a huge rally till we get the bitcoin halving which takes place in April.
Buy the rumour and sell the fact works well in cryptos.
Goodluck boys and girls!