As I have been stating in all of my ideas I think we are going for a short and sharp ride down...how 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 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)
Contenders are ( , 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