bshgeo

BTC Feb. 13, 2018 Daily - Break Out of Ending Diagonal

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC             broke up and out of the long ending diagonal and now expect to defeat the 9400 resistance as it pushes to cross key psychological level of 10,000. BTC             is now in a bullish pattern and I anticipated moves as shown by the RED A-B-C as we complete this move higher. I am long BTC             and do not like selling it on weak days as overall trend is bullish . Breaking free of the long term ending diagonal is bullish confirmation and now BTC             will move higher testing former support levels found on in last months correction which now have become resistance to overcome. The 10,000 level will be an important resistance level to overcome psychologically and when it is crossed expect a new wave of bullish sentiment to become a significant price mover from thereon as people regain confidence BTC             is again going higher and former correction was simply a correction and not the end of gains for BTC             .

I expect cryptos in general to once again enjoy significant price moves soon after BTC             breaks the 10,000 level as discussed above. Therefore, when BTC             crosses 10,000 I will be looking to add to my positions in the Alt categories. It is my plan to own a mix of the top 100 cryptos in each category such as blockchain specific coins, online gambling, online dating and other leading tokens in each specific crypto sector. This is expected to diversify my portfolio minimizing risk while keeping my portfolio spread across the top tier or leading coins in each crypto segment. It is impossible to know which of the many coins will come out the big winners in 2018. Therefore, spreading my investment across a broad range of the top coins in each sector is a good method I believe to accomplish the highest returns at least risk for me. An alternate method to achieve my goal without as much time spent researching each coin and sector would be I think to simply spread my investment evenly across the top 20 - 50 market cap coins or even top 100 coins depending on my investment. spreading across too many coins a very small account would be expensive trading into so many and a real pain to oversee for such a small investment spread so thinly per coin. What does everyone think as to investment options ahead in 2018?

Keep your long hold coins in a hard wallet and only coins you are trading on exchanges. Do become a victim of an exchange hack or exchange failure or shut down by some regulatory authority!!! Nothing would be worse than having a large portfolio you nurtured from a hard earned nest egg lost to a low life hacker or exchange. So be safe and "lock em up" in a Nano             or other hard wallet storage device or at least use MyEtherWallet which is also 100% free and a very good storage choice.

Good Luck!
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