BTCUSD - Chance for nibbling, not now though
I am a short term trader who has a "correct" rate of about 50%. So take this with a pinch of salt.
BTC is at a unsure level now. Fear from the "triangle" breakdown is mostly gone, and everyone is celebrating the "false breakdown" and anticipating a big breakout.
Good time to re-evaluate your position IMO. Are you holding too much or too little?
Underweight?
Load up at around 36300 levels.
Overweight?
Current levels are a good time to trim some of your stock too, if the previous drop to 31k had you shitting bricks.
Always be aware that 20k is not an impossibility.
My move? I trimmed the additional longs that I added last week when the price dipped. Still holding on to my relatively "small" position to hedge my emotions should crypto do a huge rise.
BTC is at a unsure level now. Fear from the "triangle" breakdown is mostly gone, and everyone is celebrating the "false breakdown" and anticipating a big breakout.
Good time to re-evaluate your position IMO. Are you holding too much or too little?
Underweight?
Load up at around 36300 levels.
Overweight?
Current levels are a good time to trim some of your stock too, if the previous drop to 31k had you shitting bricks.
Always be aware that 20k is not an impossibility.
My move? I trimmed the additional longs that I added last week when the price dipped. Still holding on to my relatively "small" position to hedge my emotions should crypto do a huge rise.
