LIVEWhat's next???
So my short-term plan (updated on March 18) is considered completed, fortunately because no unexpected variables occurred. But things don't stop here, there's still a long way to go. So what will I do next?
Don't forget, there are about 23 days left until event #BitcoinHalving (data from Watcher.Guru). In the long term, the price of $BTC will certainly still grow strongly, but in the short term, no one can predict anything. If we look at the history of Halvings
At this time, my goal will be to rebalance my investment portfolio to be ready to confront the market in all situations. I still maintain the opinion that we are entering a very strong wave #Altcoin , but BTC still needs a large enough correction to be able to continue to break out to further milestones. The amount of $USDT I currently hold is not much (about 15%), so in April I will continue to take profits to increase the amount of USDT to about 40-50%. With long-term holding positions, I will prioritize keeping them to avoid losing goods and having to buy them back at a higher price.
👉 Each person has a different position and investment method, you should only consult and come up with the most suitable plan for yourself.
LIVE- The H1 frame has a large buying force appearing in the 44.5-45k area and RSI appears to have a bottom divergence, helping BTC have a slight recovery followed by altcoins, some $Sol altcoins even have growth. strong.
- Frame W has closed with a snipping top, this is not really good for BTC in the next 1-2 weeks, we need to observe more to be able to determine a clear trend of BTC.
→ Temporarily, I will offer 2 plans for BTC in the short term:
(A): BTC will retest the lower wick of the W candle (63-64k area) before rebounding (can drop the wick to the 59k area). I'm leaning more towards this possibility. The market will be able to sweep up quite a bit of liquidity from the long side and there will be a pretty strong shakeout phase.
(B): If BTC can break through 70k with an H4 tree with strong buying force, there is a high possibility that BTC will return to an uptrend and the price level of 64k5 will be the bottom of this adjustment period.
👉 This is the plan I came up with based on personal experience to prepare yourself with reasonable options for the market. You should only refer and prepare your account in every possible situation.
#Bitcoin #Altcoins
