BTC is giving many people serious headaches, especially to people who weren't here last year.
Last year 10K BTC was a beautiful dream, now it became a nightmare.
Indeed BTC broke my triangle line and went to the 618 fib line and now coming back.
The RSI is very low, close to 30 but not in it. That means we can see another try to go lower to the 786 fib line.
This is a day chart for BTC, number one crypto, huge volume, lot of historical data - so the 786 line is a strong support -
I call 9000 USD the HARD BOTTOM.
Between 9K and 16K we have a sideways range. swings.
So what does this mean?
personally I'm 100% in alts and $ETH and $NEO are my store of value. So I don't mind BTC so much, unless I look at the USD value of my portfolio.
Especially these days I get crazy variations inmy portfolio. Good thing I'm used to it.
I recommend two strategies for the next months.
1. For people who are used to sell #Alts at every little sign BTC is moving in one direction or the other. I suggest you stop doing that. You will lose a lot of money like this, not to mention the stress you're getting into trying to guess the swings. People think they lose money if they see red in their portfolio. YOU don't, unless you sell in loss. If you keep your coins, you don't lose anything.
Crypto is a marathon not a sprint, so a few swings up and down are not really so important.
2. for those who are in alts, generally I recommend to have a balanced portfolio,
1. 50% solid coins like ETH, NEO, even BTC.
2. 50% High potential coins - both old and new coins, up to 10 - 15 different ones, equally split depending on the size of your portfolio.
I prefer new coins, fresh from the ICO phase and on the first exchange.
When you hit a jackpot with a coin that goes 100% in a day, learn to take profits from it.
this means to sell a portion of the position, 10%-30% from it. This is a stress free method to increase your portfolio long term.
With such a strategy you are very well protected from a risk management point of view and very likely to profit from the huge growth pumps that will still happen regularly, no matter what BTC is going to do.
follow me on twitter, there I call many of these new high potential coins. see my profile.
Thanks a lot for your likes, follows and comments!
Last year 10K BTC was a beautiful dream, now it became a nightmare.
Indeed BTC broke my triangle line and went to the 618 fib line and now coming back.
The RSI is very low, close to 30 but not in it. That means we can see another try to go lower to the 786 fib line.
This is a day chart for BTC, number one crypto, huge volume, lot of historical data - so the 786 line is a strong support -
I call 9000 USD the HARD BOTTOM.
Between 9K and 16K we have a sideways range. swings.
So what does this mean?
personally I'm 100% in alts and $ETH and $NEO are my store of value. So I don't mind BTC so much, unless I look at the USD value of my portfolio.
Especially these days I get crazy variations inmy portfolio. Good thing I'm used to it.
I recommend two strategies for the next months.
1. For people who are used to sell #Alts at every little sign BTC is moving in one direction or the other. I suggest you stop doing that. You will lose a lot of money like this, not to mention the stress you're getting into trying to guess the swings. People think they lose money if they see red in their portfolio. YOU don't, unless you sell in loss. If you keep your coins, you don't lose anything.
Crypto is a marathon not a sprint, so a few swings up and down are not really so important.
2. for those who are in alts, generally I recommend to have a balanced portfolio,
1. 50% solid coins like ETH, NEO, even BTC.
2. 50% High potential coins - both old and new coins, up to 10 - 15 different ones, equally split depending on the size of your portfolio.
I prefer new coins, fresh from the ICO phase and on the first exchange.
When you hit a jackpot with a coin that goes 100% in a day, learn to take profits from it.
this means to sell a portion of the position, 10%-30% from it. This is a stress free method to increase your portfolio long term.
With such a strategy you are very well protected from a risk management point of view and very likely to profit from the huge growth pumps that will still happen regularly, no matter what BTC is going to do.
follow me on twitter, there I call many of these new high potential coins. see my profile.
Thanks a lot for your likes, follows and comments!