Last chance for accumulation starting now for BTCUSD and Alts
As it played out we had hit the upper pocket and then rejected back down (within the last hour).
As I have been stating in all of my ideas I think we are going for a short and sharp ride down...how far down I'm not sure but I put the bottom of the ride at 4000ish.
This is my play:
I will be dollar cost averaging (DCA) into a bigger position on all cryptocurrencies each day.
Not going to leverage trade for speculation as I will wait until we break this pennant on the weekly time frame. I might add a hedge position on a long if we break up when I am half way through my DCA but I will have to wait and see what the price gets to as I don't want to get stopped out.
The only reason I will stop DCA and just throw the rest of my capital in faster is if we do a sharp drop below 6000. If I buy below 6000 this will be a personal win (don't even care if price drops to $1000.00 as there will be huge opportunity with small position size, risky, leverage trades at these levels)
My portfolio will be aiming to buy with this additional injection of funds:
Contenders are (ADA, QSP, KNC, GNT, DCR, ENJ, ETN, UBT, POWR, RPL, DENT, HST(When they release their new plan))
I will be showing tracking progress of my portfolio when I start on my twitter feed as it is all getting real exciting right now.
Maintain of gain
As I have been stating in all of my ideas I think we are going for a short and sharp ride down...how far down I'm not sure but I put the bottom of the ride at 4000ish.
This is my play:
I will be dollar cost averaging (DCA) into a bigger position on all cryptocurrencies each day.
Not going to leverage trade for speculation as I will wait until we break this pennant on the weekly time frame. I might add a hedge position on a long if we break up when I am half way through my DCA but I will have to wait and see what the price gets to as I don't want to get stopped out.
The only reason I will stop DCA and just throw the rest of my capital in faster is if we do a sharp drop below 6000. If I buy below 6000 this will be a personal win (don't even care if price drops to $1000.00 as there will be huge opportunity with small position size, risky, leverage trades at these levels)
My portfolio will be aiming to buy with this additional injection of funds:
- 50% ETH (reason it is higher in percentage than BTC as I believe ETH is the future of transactions and has more room to grow at these current levels)
- 25% BTC (BTC is always going to be king)
- 10% XRP (purely because it is really cheap)
- 5% LINK (this is one of the main reasons why ETH will be the future of transactions)
Contenders are (ADA, QSP, KNC, GNT, DCR, ENJ, ETN, UBT, POWR, RPL, DENT, HST(When they release their new plan))
I will be showing tracking progress of my portfolio when I start on my twitter feed as it is all getting real exciting right now.
Maintain of gain