Broke the 20K barrier today > purchased a little bit of QBTC on the last half-decent dip, did not get the correction many were waiting for, which is why I just purchased near 17500 and I have a feeling we won't see 13K again > can happen but less likely now. Looking at the chart, we have to use previous resistance becomes new support, so any move down towards 20K becomes a new purchase area. Thinking of selling Cannabis holdings if we see 20K again, though would rather have them actually appreciate before doing so. BTC can travel into the hundreds of thousands according to several large institutions, though we have no guarantee, and now that we have so many hands holding it, not so sure about epic crashes in the future. For example, if BTC is at 50,000, and it drops 10%, which is serious, it would still be at 40K and dip buyers would be sure to be buying. Advising small investors to just HODL, and if they feel they must mess around, take a very small portion of their holdings and engaging in leveraged trading from now on. I do not advise taking their whole stack and putting it on the line, as I have heard of too many investors/traders loosing their whole stack on a bad play and being left with nothing at much lower prices that what we see now above 20K.
That being said, new resistance area of 20800 appears to be providing some short term resistance, might be worth a small short up there. I can't see myself doing that, but hey, maybe I'll feel different tomorrow.
That being said, new resistance area of 20800 appears to be providing some short term resistance, might be worth a small short up there. I can't see myself doing that, but hey, maybe I'll feel different tomorrow.
Comment:
Boom! Not much to do here, wait for stabalization and a sizable correction, or just DCA...Alts might be a better use of investment dollars at this point as some are outperforming right now LTC having a 14% day. Or cash it in for more BTC. Not sure, just being hands off right now.
Comment:
Comment:
Bears tend to strike at night, weekends and holidays, probably the best time to invest is during those times. Sizable corrections have occurred during days as well (Eastern Standard Time), but those typically happen at the culmination of a noticeable downtrend; just an observation.