RE: Make or Break
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$10k still seems pretty far fetched when you see every single person targeting that level.
But too be fair $10k was never really THAT far fetched because that's the standard 85% retracement we saw in 2018 and 2014. A while back the full 85% retrace didn't make a lot of sense because of how muted the current bull run was... but now in the middle of a recession combined with economic tightening and three top-level liquidations to zero it gets a bit more plausible.
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glad to hear I'm not a total idiot for going for that target :) also I won't be super picky if we see like 12k I still might go for it and load up
My target is still $14k on the low end for the 80% retrace.
I think timelines matter as well.
Like at what point do we capitulate?
If we get all the way to March without a new low it might be time to start legging in.