Un nou ciclu de 60 zile. Spor la shopping.
LE1:
LE2:
" BTC - Based on the chart, I think we might be in for another ride down to 10k or lower.
To me, this looks like we're in the eye of a hurricane.
We've already witnessed the first part of the storm, we are eagerly awaiting to see what's going to happen next!
I have positioned myself to either go LONG or SHORT based on what happens next. I'm waiting for a clear move on the chart.
The 4-month long trend line is sitting right below 10k, nearly testing it the other day on the drop, but the next big support area is hanging around $7500.
I don't think hitting this area is far-fetched at all. While I remain bullish long term, the short term has me a bit uneasy. I'm holding a fair amount of coins long term, but I'm going to leverage some of my assets to play this downside move (if it occurs).
I'm seeing this bear flag setup on the daily. We have the long flagpole, and 2 slightly green days (bounce) and here we are gearing up for what looks to be the next leg down.
Here are a few different ways to prepare for the 2nd leg of the storm...
1. HODL - Simply don't do anything. Within the next few weeks or months, I'm sure the tables will turn and we will slowly churn up again. While this is the riskiest play, it's proven to pay off big in the end based on the previous chart.
2. Sit in FIAT - Probably the safest spot to be right now. Simply sell your assets for Tether or USD and sit on the sidelines.
3. ALTs vs BTC - If you do not care about your USD value, head on over to Bittrex/Binance and scope out some altcoins with solid charts. Maybe not the best time if the market dumps again, but be prepared to load up on overextended dips for the long term.
4. SHORT - Any exchange that allows margin trading you can short on. Shorting is simply betting that the price of the coin will drop in value. This could also be a hedge if you're holding coins the long term, might as well profit on the downside and buy back in lower for the bounce.
My strategy is a combo of all 4. I am holding my long-term coins, but I also sold some into fiat for the time being. At the same time, I am sitting in some altcoins on Bittrex & Cryptopia that I plan on staying in for the long haul, but I am also going to take advantage by shorting the downside move as a hedge & to make some USD profits which I plan on reinvesting long term.
Been getting a lot of questions about shorting so if you're interested in learning more, I explain how to do this in detail in my course & also working with a team of 160 traders every day in the chatroom. See here for more info -
cryptotraderspro.com/services
So what's your strategy headed into the weekend?
Are you prepared for another dump off or do you remain optimistic and think Bitcoin will turn around soon?"