Quote from: Upgrade00 on Today at 05:34:29 PM

Quote from: cryptoadviser on Today at 04:37:18 PM

BTC technicals are against $20,000. I don't think holding now is a good idea.

Can you share the analysis by which you arrived at this conclusion? And even if there was a resistance at the $20k range, I do not see that as an argument for one to sell off. Some people practice scalp trading to try and make profits around the price changes, however if one does not have enough trading experience the safest strategy would be to hold.

Quote from: cryptoadviser on Today at 04:37:18 PM

Maybe a good idea is to move the money from BTC to altcoins.

Quite the opposite, this is a terrible idea. There are thousands of altcoins in the crypto market and switching simply cause of a price barrier is not a wise decision.

Quote from: cryptoadviser on Today at 04:37:18 PM

If BTC breaks $21,000 confirming a breakout, media will write about BTC and move retail investors will flow in. Then get in.
I think for now, the best idea is to liquidate BTC. And move to alts.

So you're suggesting someone who may have built their portfolio at a lower price should sell off now and fomo back in when the hype comes back? How does that favour their portfolio?

Last high at around $20k. This time it is double top! I'd say, even if there is a small breakout, it has to sustain with volumes. Which is why the next buying point could be $21,000 providing confirmation. Plus media news will start. New investors will roll in.
It's a big barrier. If you are holding from $5k, do you have a target in mind? Where does this stop? You need to have a plan I believe. This is my plan. You may agree or not is totally fine.

If you don't have a target, then where is the exit strategy? Atleast for altcoins, we now know the levels. That is my point.

Open to further comments and discussion on this