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As I wrote for @Delphi_Digital last year, I'm a #bitcoin buyer at new highs. I am still unconvinced of the coiner dream scenario, but the potential for real breakout now deserves a very small portion of my PA. #WelcomeToTheDarkSide Image
// The reason is simple. Technicals are huge for bitcoin, and breaking above the 2017 bubble high is a monumental event on the chart that opens the door for a big run. It should also be a nice offset to a few other intermediate-term trades I have fading risk assets.
// To be clear, I still view #bitcoin as a high-risk asset & assign a very low probability to the best-case scenario coiners dream of. It's unclear if we just got a false breakout in $NDX, & $btc could be doing the same. It really needs to find support at 20k to be in the clear.
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