I sold the majority of my Altcoin positions a couple weeks ago and have mainly been swing trading #BTC, but had to buy some #NEO and #NANO. These prices are irresistible!
I hate when I buy a coin, then it goes up 10% and instead of being happy I realize I only bought .1 BTC worth and I really just made a measly $200. That’s what would happen with my old strategy of diversifying in 20+ coins. Now I just go big on 5 or 6 coins at a time.
Sold all altcoin positions on Friday except ETH + LTC to accumulate more BTC. If the current trend channel continues BTC will be at 14k minimum in a month, probably higher.
Watching the #SEC meeting and they aren't talking about banning crypto or anything terrible. They are just talking about how to get rid of fraudsters and pump + dumps. Meeting was much more positive than I was expecting!
Don’t kill me if I’m wrong, but I’m seeing a reversal in this bearish pattern we’ve been seeing. I’m not saying the crash is over, but I am seeing a lot of 6 and 7 figure buy orders right now and that $6800 support is holding.