I tend to agree with you about staying over 100 but this is the wild Wild West and anything can happen. I have a friend who was up over $200k in December on his crypto portfolio consisting of LTC and eth. I told him to take initial capital off the table, pay his taxes, ride the house, and rebuy these dips that were bound to happen. He didn’t listen and wanted to HODL for tax savings. One of his first initial buys was this past summer when LTC mooned to 90+. He had FOMO. Then LTC crashed down to the low 30s. I wanna say around September 15. Maybe August 15. Don’t recall. That’s when he really loaded the boat. Today, he’s blowing my phone out tweaking hard. Lol. He wants to know if he should move his coins he bought at 91 & 87 back to coinbase and sell them if they reach that price. SMH. I asked him what about the tax savings you were talking about. He said he didn’t want to go negative. I told him then he better sell now if he thinks his 91s and 87s were going negative. He replied he didn’t understand my thinking. Lol. SMH. Point of my story is despair is starting to creep in out there. Good sign that bottom is near imo. Personally think bottom now will be on the 31st, range bound til May 15, then bull market til November. Crystal ball says May 15th. Everything else my personal opinion. We’ll see what happens.
On a side note, every bitcoin expiration day except for today had the same pattern. Major selling leading up to expiration then reversal that afternoon and for the next few days. Today, the selling/downtrend continued past expiration. Could be a sign that bottom is near.
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