Don't FOMO $BTC can still dump. CPI data will be released in 2H. Here is our plan.
First of all Alhamdulillah as expected PPI data come positive and we booked 5% profits in SOL, ENS and PHB each. It is past now let's discuss about next move.
As you know CPI data will be released at 12:30 UTC +00:00. Maximum chance it come positive . So, we will use 20% of our portfolio to buy three alts $PHB $SOL and ENS. Question is when to buy? Here is plan; wait till CPI data release . If BTC price drop to 60K area before data release then buy above given three alts on that time. If BTC not drop to that price before data release then buy these three alts 5 minute before data release must. Bcz maximum chance #cpi data come +ve bcz yesterday PPI data come +ve . 95% of time when PPI come positive CPI also come positive . So, follow above steps wo buy alts. Now let's discuss when should we sell?
We will sell them as soon as we gain 4-6% profit in each coin. Maximum chance #BTC☀ hit $63K area grab Liquidity and then dump. Personally we will sell around $63K and wait for dump. As we always say news pump is temporary . After selling we will wait for below E.P with 100% portfolio :
1. 40% portfolio at $57,500
2. 40% portfolio at $55,000
3. 20% portfolio at $51,600
Don't FOMO every one will become greedy as soon as market hit 63K and then we will sell and wait for our entries. We should wait before buying not after buying to gain more profits . Once our entries get filled out we will share our t.p also. Here are some more reason why we are expecting correction :
1. 300M + #liquidation present on the way to 55K.
2. Whales buying area marked as heavy support and we think it is 55K this time.
3. MT Gox transferred BTC for testing purposes from $2.3B worth of wallet holding .May we see some sell pressure from them also.
Invalidation Point : We will invalidate our analysis once BTC close 1D above 63K. We will analyse market again once invalidation occour untill wait for e.p. Don't miss scalp trade.
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