Looking at Bitcoin and the resistance ahead, I personally feel that Bitcoin is going to range between $30k - $42K and this is actually a good thing for those like myself stuck in positions. This is the moment to make the best out of the worst drop Bitcoin has ever had in history!
I've already lowered my average entries on all the Altcoins I hold. Two more nice range plays then I am out with no damage to my wallet and even got the cheap low price entries. There are a few who have done the same that follows me on Twitter, however, those who don't, here is what I see and will be trading the waves up and down.
The first point of Resistance is marked in RED and the major exit point is what I exit my positions with Alts too. Why? Because with Bitcoin dominance slowly spiking, Alts will follow Bitcoin's move...UP or DOWN so this is the time to focus on Bitcoin only and trade Alts the same way.
Bitcoin's price range could easily take weeks or months. Enough time to increase those coins!
I've already lowered my average entries on all the Altcoins I hold. Two more nice range plays then I am out with no damage to my wallet and even got the cheap low price entries. There are a few who have done the same that follows me on Twitter, however, those who don't, here is what I see and will be trading the waves up and down.
The first point of Resistance is marked in RED and the major exit point is what I exit my positions with Alts too. Why? Because with Bitcoin dominance slowly spiking, Alts will follow Bitcoin's move...UP or DOWN so this is the time to focus on Bitcoin only and trade Alts the same way.
Bitcoin's price range could easily take weeks or months. Enough time to increase those coins!