See my previous BTC analysis'. As long as we stay above $8,000, we WILL retest $20,000. This move will more than likely take another 3-6 months to complete. I've got Bitcoin in my long term account & don't plan on reducing my size until at least $15-18,000. I plan to Daytrade all 1 hour pullbacks for income trades, over the next few months. Buying at key Fibonacci levels that match up with Volume Profile support levels is about the easiest way to kill this market right now.
As for stocks, I'm in & out of US30 but if we fail $28,000 I'm shorting for the next 2 months. I am NOT selling my long term stock positions. I plan to continue to hold all my current stock positions.
Why? 1. Most of my positions are dividend stocks that I'll make money from regardless of the price drops. These positions include everyday things that people use like - water (WTER), gas (XOM), REITS (real estate), etc...
2. My other holdings are in 10-20 year growth stocks, in the tech sector. These positions include things like space & telecommunications companies. I have my personal reasons for being in the companies I've chosen, as I understand their growth potential & what they are bringing to the future of humanity.
As for stocks, I'm in & out of US30 but if we fail $28,000 I'm shorting for the next 2 months. I am NOT selling my long term stock positions. I plan to continue to hold all my current stock positions.
Why? 1. Most of my positions are dividend stocks that I'll make money from regardless of the price drops. These positions include everyday things that people use like - water (WTER), gas (XOM), REITS (real estate), etc...
2. My other holdings are in 10-20 year growth stocks, in the tech sector. These positions include things like space & telecommunications companies. I have my personal reasons for being in the companies I've chosen, as I understand their growth potential & what they are bringing to the future of humanity.
