Last chance for accumulation starting now for BTCUSD and Alts

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As it played out we had hit the upper pocket and then rejected back down (within the last hour).

As I have been stating in all of my ideas I think we are going for a short and sharp ride far down I'm not sure but I put the bottom of the ride at 4000ish.

This is my play:

I will be dollar cost averaging ( DCA ) into a bigger position on all cryptocurrencies each day.

Not going to leverage trade for speculation as I will wait until we break this pennant on the weekly time frame. I might add a hedge position on a long if we break up when I am half way through my DCA but I will have to wait and see what the price gets to as I don't want to get stopped out.

The only reason I will stop DCA and just throw the rest of my capital in faster is if we do a sharp drop below 6000. If I buy below 6000 this will be a personal win (don't even care if price drops to $1000.00 as there will be huge opportunity with small position size, risky, leverage trades at these levels)

My portfolio will be aiming to buy with this additional injection of funds:
  • 50% ETH (reason it is higher in percentage than BTC as I believe ETH is the future of transactions and has more room to grow at these current levels)
  • 25% BTC ( BTC is always going to be king)
  • 10% XRP (purely because it is really cheap)
  • 5% LINK (this is one of the main reasons why ETH will be the future of transactions)
10% OTHER ALTS (which I haven't finalised yet)
Contenders are ( ADA , QSP, KNC, GNT , DCR, ENJ , ETN , UBT , POWR, RPL , DENT, HST (When they release their new plan))

I will be showing tracking progress of my portfolio when I start on my twitter feed as it is all getting real exciting right now.

Maintain of gain


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