So this is a rather simple look on why we might be in for a good bull-run, i'm open to critique as it's easy to bite into the FOMO
Wyckoff acumulation w. spring (Looks like it)
Strong multiyear trendline
Broke out of triangle
Broke out of channel
Overbought SPX500 (closing in on psychological 3000, which might cause selloff)
My current portfolio is 70% BTC and 30% Altcoins (which i trade with BTC pairs)
Considering moving to ETH pairs with the 30%, because i believe ETH's ecosystem has grown to new heights, and maybe the change to POS will make the coin less depending on BTC
the 600 USD forecast i believe is realistic within the next year or so.
ETH is also quicker for transferring...
Hey guys, everyone seems to occasionally shit their pants over BTC and their altcoins, this is how i do it
My plan is:
If we go to 3000 USD, i buy BTC with FIAT, which should in theory cancel out my loss on alts, and the same at the 2000 USD mark.
If btc goes sideways for a long time i might slightly adjust my fiat-buys with +100USD...
LSK/BTC order got filled overnight, staying a bit so i can see how this ascending triangle turns out
Oversold on the daily on Stoch RSI
Volume is mediocore a little declining, but let's see what happens
Lsk is scheduled for rebranding, but will have to check up on the dates :-)
A dip is nothing more than a great buy opportunity
This is the noobs guide to BTC
Char is drawn by a noob, and many noobs might follow along :-)
Btw. I never short btc or margin trade, i only buy more :-)
But don't worry guys, we are going upwards shortly