Post
Topic
Board Speculation
Re: BTC technicals are against ATH. Liquidate
by
blckhawk
on 11/12/2020, 06:47:51 UTC
BTC technicals are against $20,000. I don't think holding now is a good idea.
Maybe a good idea is to move the money from BTC to altcoins.

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.


What's your take and why?

Happy to discuss!
Yeah, I've been thinking to liquidate a fraction of my holdings right now. It seems the resistance was too strong which is why Bitcoin couldn't any go up longer above $19k. Currently, the price is hovering around $18k -$17k which I wasn't so sure if the run is over or not, the thing is not to be greedy and go get real here. However, if I am going to liquidate my Bitcoins I wouldn't do it in some random altcoins but rather in something more stable like USDT to preserve the value of it. By then if there's a forecast that it will surge again I can buy it back again.