Why Bitcoin, Ethereum, LINK, and Tezos still look bullish!
Good Afternoon Crypto Traders,
Several weeks ago we made a marked shift in our approach to altcoins and aligning our focus to go risk-on in the long side on BTC & Altcoins. Thus far, this approach has paid off immensely. The realization came from doing some deep research in what's happening in the money flows, market structure, and DeFi space. As more clues unfolded, I realized that there is an Alt season and a Crypto Bubble 2.0 developing. This time it seems to be led by DeFi vs. 2017 being led by ICOs. Bubbles are not necessarily bad, they can be good if you can get in and get out with profit. This is what we are hoping to accomplish in the current cycle.
As per my July update, I told Advantage Members that we are somewhere in the initial stages or the middle stages of the bubble. I do NOT believe we are near the end.
How do we play this?
Step 1: I've spoken about my methodology of portfolio construction in Crypto. It's simple and effective. We want to take the approach of putting a few eggs in one basket and watching that basket closely, as the great Stanley Druckenmiller puts it.
Do your research in 5-10 Cryptos (BTC + Alts). Diversify in Altcoins and the sub-segment DeFi. Keep this as your basket of holdings you trim up and down in movements of price, if you'd like. Alternatively, you can simply spot buy altcoins (DeFi included) and hold for several months to see if the bubble is going to develop and get bigger then start selling as the hype of the rally gets a bit extreme. I will let you know when I see the warning signs.
Step 2: Do NOT go around chasing 50 different altcoins thinking this is the next 10x or 50x etc. You will likely lose good positioning of your original holdings by the chase of greed. A good basket of 5-10 Cryptos should provide proper exposure to the market and yield good enough returns where you are not constantly bedazzled by the next Hype Coin.
Step 3: Do not go all-in with your capital hoping to be rich overnight. Remember, we are in the business of building wealth. This will keep you grounded and make you appreciate the journey to success.
Step 4: Do remember that the entire health of Crypto is dependent on the money flows and liquidity available in the traditional markets. So the Crypto market party can end just as abruptly as it started. We will always keep one eye on the stock market for this reason.
Thanks and I hope you enjoy this analysis. This is not financial advice.
Have a wonderful day
Several weeks ago we made a marked shift in our approach to altcoins and aligning our focus to go risk-on in the long side on BTC & Altcoins. Thus far, this approach has paid off immensely. The realization came from doing some deep research in what's happening in the money flows, market structure, and DeFi space. As more clues unfolded, I realized that there is an Alt season and a Crypto Bubble 2.0 developing. This time it seems to be led by DeFi vs. 2017 being led by ICOs. Bubbles are not necessarily bad, they can be good if you can get in and get out with profit. This is what we are hoping to accomplish in the current cycle.
As per my July update, I told Advantage Members that we are somewhere in the initial stages or the middle stages of the bubble. I do NOT believe we are near the end.
How do we play this?
Step 1: I've spoken about my methodology of portfolio construction in Crypto. It's simple and effective. We want to take the approach of putting a few eggs in one basket and watching that basket closely, as the great Stanley Druckenmiller puts it.
Do your research in 5-10 Cryptos (BTC + Alts). Diversify in Altcoins and the sub-segment DeFi. Keep this as your basket of holdings you trim up and down in movements of price, if you'd like. Alternatively, you can simply spot buy altcoins (DeFi included) and hold for several months to see if the bubble is going to develop and get bigger then start selling as the hype of the rally gets a bit extreme. I will let you know when I see the warning signs.
Step 2: Do NOT go around chasing 50 different altcoins thinking this is the next 10x or 50x etc. You will likely lose good positioning of your original holdings by the chase of greed. A good basket of 5-10 Cryptos should provide proper exposure to the market and yield good enough returns where you are not constantly bedazzled by the next Hype Coin.
Step 3: Do not go all-in with your capital hoping to be rich overnight. Remember, we are in the business of building wealth. This will keep you grounded and make you appreciate the journey to success.
Step 4: Do remember that the entire health of Crypto is dependent on the money flows and liquidity available in the traditional markets. So the Crypto market party can end just as abruptly as it started. We will always keep one eye on the stock market for this reason.
Thanks and I hope you enjoy this analysis. This is not financial advice.
Have a wonderful day
Comment:
The fact that we've held on top of this parallel channel is bullish. Break above $11.9k+ and we should be on our way to $13000
Comment:
This is a secret tip/trade of mine that I wanted to give to my readers for free. This is a multi-month hold for me. QKC has big events in September and December. I am extremely bullish on it and have listed targets on the weekly chart.
Not financial advice
Not financial advice
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