Well. It’s not March yet. But think this 70-75k area is attractive for $btc
Got some first small bids hit
Might become active in this market again for the first time in awhile
Will share some thoughts tmw. But in short. I think crypto is really struggling with narrative, attention, and competing with allocation with how much synergy the AI trade has had in various markets.
Yes. For a bounce. Then we’ll see how it all plays out. Hate to say it but later in the year it could trade high 50’s. But let’s just focus on one thing at a time and what’s in front of us. See how the structure plays out.
Yeah seems like a logical area. Lots of resistance in mid $80k's now though unfortunately
Yes. These things often taken time to play out. Trend wise, bottoms etc. we still have to find a bottom. Base. Then quite often Range for months
$BTC entry so far
have some bids still scattered lower.

Almost fully filled.
Want to reiterate I’m not calling a bottom. I think that's going to take time to form. It's just a trade. My last trade was 84k-93k way back in Nov. I just would hate myself for not trying here which is a level that is a key HTF inflection point.
I think buying another 20k lower than that. Since it was there 2 weeks ago and 50k from the highs is likely a decent spot to take a shot. Right at or around the prev ath from last cycle for at least a bounce. I think it could even go as high as the y.o but we should trade into the mid 80's. If all goes well.


I laughed. thx
want to give an update on this, got the rest of the fills yesterday. Obviously didnt expect 60k so quick, thought that would come later. My plan is to shave a little bit of this off here. about 15% of what i bought, and then add that lower if given, likely around 65-66k. I dont want to cut the position bc I still think this is a great area of value, especially since I had avoided the drawdown to this point for the last several months. we are 55k from the highs, and about 25k from two weeks ago. i would hate myself for not at least attempting it here. obviously this is spot

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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