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Quote from: cryptoadviser on December 02, 2020, 04:43:32 PM

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:

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. Grin

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? Grin

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.

And your rationale for selling at $19,700 and buying back at $21,000 ... thus losing 7% right off?

Because the price could certainly go down. This is sound logic, as once it breaks $20,000 with conviction it may very well be off to the races.

It could of course, however, that isn’t what s/he said is it? If it went down why wouldn’t you buy back in lower instead of waiting until it was back above your sell price ... especially as that is what you are predicting will happen?