I'm hoping that Bitcoin can't break resistance and this turns into panic-sell down to 7500. It's guaranteed to break out one way or another in a day and a half. I'm going to have to rethink my strategy if Bitcoin breaks above $8500 anytime soon. I'm also going to be worried if Litecoin breaks above $60.

Litecoin

Honestly this is looking a bit scary, like Litecoin is completely bottomed out and just waiting to ramp up. I'm definitely watching it quite closely.

Recap of the plan:

• Wait for Bitcoin to drop to 7.5k.
• Try to buy Litecoin at this level (hoping for $46)

IMO there is not nearly enough bearish support to even make it close to the $6000 level. I feel like the bears have one push left and that's about all that's going to deflate.

Between the legacy economy bubbling, Bitcoin/Litecoin halvings, Bakkt, traditional winter bull runs, and everything else, I think a lot of HODLers are becoming afraid to sell at this level.

#downvote this garbage.

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