Re: Above $20,500, BTC will give $4k+ move. Here is why
Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing.
Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.
Good ways to trade:
Bring on your thoughts. Let's discuss, debate and predict together
Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.
Good ways to trade:
- Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
Another good way is to move to alts which still have 2x upside left.
Bring on your thoughts. Let's discuss, debate and predict together
That's a great advise on how to lose money.
I'm not very good at math,but how exactly can we sell at 19.7K,then buy at 21K and make a 4K profit?
The best move is to just HODL...
Why do you think that the altcoins will go 2x?If the altcoins are going 2x,while Bitcoin price is increasing with 10% only ,wouldn't all the investors just leave BTC and jump on the altcoins?
How the hell can you "guarantee" that the price will go up by 3K-5K USD?Do you have some secret insider information?Are you the God of crypto trading or something?
Haha good arguments! I know how to trade. And I know I can be wrong. hence, I trade on probabilities. But the good thing is I always have a back up plan. One does not get so many investors to manage the portfolio if they weren't doing good or something right.
I am only sharing what I am doing myself.
My point is, there is still upside to alts. Can't say the same for BTC unless $21,000 taken out. Still, the % movement will be higher in alts because it is easier to move them.
I am betting heavy on alts as of now. A lot!
I have $70,000+ in alts across my and client's portfolio. It's still not a bigger part of the portfolio but I am gonna move more to alts.
Some profits booked in BTC and some holding.