@Petra123 I would ask you this. We have seen BcH nose dive. I wrote a blog explaining this in massive detail. It was deleted off the internet by “without notice”
I explained that cash positions from April 1st May halving day is -35% “think algos” and resets etc.
Forgoe trade profits unless clear opportunity. Wait till halving day $ cost Ave in but don’t trade until then. Expect halving 2nd May - 7th May
Hi Matt, i have been following your startegy ( April to halving day). I saved all the points after yiu re tweeted again. So basically you are saying now we just be in cash position till halving day? I am also 20% BtC and 80% cash( unloaded at 7350).
I was thinking of buying back at( 6700- 6900) and again sell at (7.8 to 8k). Do u think we may test 1 time the 7.8 to 8k before halving?
Peckham08
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@Girrad I concur. All I would say is this. For example of the price moves up say 5-7% and you think, damnit missed it. Ah but. You bought £100 and you missed out on £8. But the likely hood over next 14 - 21 days (in my opinion) is the price drops 20% - 30%. So in theory for £8 you gamble £30. That to me isn’t good odds. 16/1 of flopping a flush. I use same theories when buying BTC. I do not short and long. Started with £250 Dec 19 £800 by march 2020. 3% here and there etc etc. All designed for this month. I am also buying pro membership of key YouTube’s like cracking crypto in May only because of halving for detailed knowledge. And backing truck up ready for the drops look at halving of BsV and BCh this week
emobe
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well we've been in an ascending wedge for ages while the volume was decreasing. The 3.4k gap seems a stretch to but I'm ready for it just incase!
Peckham08
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@emobe halving day. Just wait. Ignore mini profits next month. Watching brief.... think about billionaire exchange owners.... they are going to but that CMe gap. “Bots rely on such bench marks” #EagleEye on #Binance
ZinhoSte
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I think we will go up to 7500 or 7400 once then dump
Peckham08
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@ZinhoSte it’s look Dicey to me. A real Hand chopper
ZinhoSte
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@Peckham08, and it is XD, we havent tipped 7.4 levels but we dropped