BTC technicals are against ATH. Liquidate - page 4.

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legendary

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Quote from: cryptoadviser on November 30, 2020, 11:37:18 AM

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!

LOL. I'm going to swap my bitcoin for some shitcoins ASAP just because you say technicals are against it.

Not a chance.

bitmover

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Quote from: cryptoadviser on November 30, 2020, 11:37:18 AM

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

Technical analysis means nothing when you have solid fundamentals.
We have halving, huge monetary expansion never seen before due to corona virus crisis, inflation, paypal accepting btc, etc.

Quote

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

You would better move to USDT or some stable coins, because if BTC goes down it will sink all altcoins with it (or at least most of them).

But, you will probably end up with less BTC than you had before. I believe we will go past ATH, to a new ATH nobody knows (25, 30, 50k? Who knows? Bitcoin is unpredictable, it always was)

hugeblack

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Although the switch to altcoins will achieve gains, I expect that we are at the beginning of the wave, which may witness levels of resistance that we have not seen before. Perhaps the price will only stop at $ 24,000 or more. Therefore, switching to altcoins may be profitable in the short term, but it is very dangerous. The long-term.

too many alts will have heavy correction so be careful.

cryptoadviser

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Quote from: winrate.io on November 30, 2020, 11:39:31 AM

I agree, usually when BTC rallies, the alt-coins will rally days/weeks/months after.

So I'm also looking into moving to alts actually. Interesting take. However, I'm not sure what will happen. It's always up to the whales to decide Cheesy

I agree. They make the markets. We just need to be with them. And we know how they think!
They have shown that to us.

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Quote from: cryptoadviser on November 30, 2020, 11:37:18 AM

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 November 30, 2020, 11:37:18 AM

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 November 30, 2020, 11:37:18 AM

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?

winrate.io

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I agree, usually when BTC rallies, the alt-coins will rally days/weeks/months after.

So I'm also looking into moving to alts actually. Interesting take. However, I'm not sure what will happen. It's always up to the whales to decide Cheesy

cryptoadviser

newbie

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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!

Topic: BTC technicals are against ATH. Liquidate - page 4. (Read 823 times)