Hello!

There have been a massive rally for Bitcoin in the last week. We are now traging very close to all time highs again. If I remember correctly, the last all time high wast at the $108,000 price level, now we are trading at $103,000 which is very close.

As you can see in the chart below we are very close to break the barrier and go higher. Do you think we will go higher? The sentiment in crypto twitter has shifted fast. We went from "we are going to $50k" to "we are going to 150k". At any of those extremes, you should remember to zoom out and don't trade based on emotions.

Remember, when you are in profits. There is nothing wrong in taking profits. In fact, I've never regretted taking profits, ever. Even if the price goes higher, taking some gains out of the table will help you sleep better at night.

I have a plan to keep selling in different targets. For those that hodl Bitcoin I would recommend to set your targets beforehand. Well, for everybody that hodls any crypto. Set your price targets in advance and when you get there sell part of your portfolio at each milestone.

When you get to the target you will be tempted to keep hodling, the sentiment will be full BULLs everywhere and it will be really hard to stop the top.

Ethereum/Bitcoin ratio

The Ethereum and Bitcoin ratio chart that you can see below, has been posted by @Your_NLP_Coach at twitter /X. The chart is self explanatory. Have we reached the bottom for this ratio?

It can be a good entry point. I will be looking at the sidelines, just wish you the best of luck.

I really think that everything will go up if we break all time highs. So everybody will get rewarded if they are able to sell at a good price.

I hope you have a great weekend!

Posted Using INLEO