Like others I’m loving this relief rally. But thats just what it is, a relief rally. The macro economic outlook just isn’t good, we’re in a recession, despite the media trying to redefine it. I do this crypto will fall slightly lower than what we experience in June, but I’m wondering what prices people would sell at in this relief rally?
I know the diamond hands brigade will slaughter me, but holding indefinitely isn’t always the best strategy, and if you can sell during a rally (event to harvest losses for taxes) and re buy back in at a lower price, you can have much crypto coin for the same amount of fiat.
Personally I’m hoping to hit 2400 – 2600 for ETH and maybe 28K for Bitcoin. These prices are where I have sell orders and I’ll just hold that cash until we fall further. I see ETH at 600 and BTC and 15K within 6 – 12 months.
Not financial advice\*.