As bitcoin and small-caps (IWM) were in the process of breaking out several weeks ago, I tweeted:
It’s no suprise that BTC and IWM are struggling to hold their breakouts. Here’s the BTC Weekly chart:
However, I am not selling just yet. Both ETH and SOL are at some big support levels:
While crypto is volatile and recently has been very weak, I am not worried about my position for 2 reasons:
I have a good amount of profit cushion (see post “getting good entries”)
Thanks for reading.
Important Disclaimer: This blog is for educational purposes only. I am not a financial advisor and nothing I post is investment advice. The securities I discuss are considered highly risky so do your own due diligence.