I am going Hodl $BTC Until 2040. No panic selling, no looking at big shakeouts and no fear. We have governments and ETFs seeing the value of $BTC now, I know it will go up long term. I will DCA.💎🤚🤚#MarketDownturn #BTC☀
Invest in $PYTH . It has been the only thing hedging my portfolio against losses in $BTC . It's current price is at $1 but I see it doing a 3x by the end of the year (and that is a conservative estimate)
$JOE I am seeing the formation of a cup and handle pattern. It is a good time for accumulation and profit taking short term.
Trader Joe ($JOE ) is a DEX that is used to purchase/swap meme coins and coins for launchpads off binance. My theory is that the trading volume of Trade has gone up over there with the rise in AVAX prices.
$FLOKI Currently is creating a falling wedge pattern and looks quite bullish on the 15 min and 1 hour charts and is right above the .618 fib level, if it goes down a little further, it is a good setup for a long trade
As $BTC tests the 70k range once again today, it is easy to get caught up in the excitement, take a breath and ask yourself what you should do in both cases (breakout and fakeout)
In case it breaks out, what is your plan? Hold or take profit?
In case it fakesout, where will you set your stop loss?
Be prepared in all cases and you won't be disappointed (unless you are in leverage then good luck as trying this is hard when positions are open)
1. It will be the backbone of many Web3 games most notably: (Gunzilla, My pet hooligan, Off the grid and so much more)
2. It will be a Marketplace that hosts Validator NFTs for Web3 games, Validator NFTs are NFTs that actually have use in my eyes, they have an inbuilt hashing algorithm that can validate blocks in their respective blockchains! I have no idea how they do it, I am not a Web3 programmer but this is a leap forward!
3. Look into My Pet Hooligan, their team and their technology and the companies that are signing contracts with them, its crazy, I invite you to DYOR on My Pet Hooligan because they doing massive things
For $AVAX :
1. Same narrative as $SUPER 2. Incoming upgrade that will increase the blockchain speed. 3. Runs the memecoin COQ inu, need I say more?
Here's what my strategy is this Bull run. I believe we are currently in the mid bull run and we shall soon see dreaded 20 to 40% drops in all of our holds.
By soon, I mean in a month or so as evidenced by the historical dips of $BTC , now does this mean I am bearish? No I am not, and I have a way to mitigate these losses and that is to take money of the table at expected dips and rotate this money into stable coins and altcoins.
Now, you can argue that this move is a pansy move but it does hedge some losses. Here's how I plan to do it:
1. Continuously take profits on $BTC once it reaches the 80k mark (because I will be satisfied there) 2.Rotate my portfolio into USDC and $SUPER and $BEAMX , these are altcoins I am bullish on and see giving us atleast a 5x profit.
About Solana's dip today, it is just take profits. $SOL holders do not be afraid and continue to hold, if we close above 120 today, expect an uptrend until $BTC dominance goes above 60%
For traders that will be a good time to take profits, for hodlers prepare for a correction but do not lose your position, I am bullish on $SOL overall and though I see it giving good returns but I am also of the opinion that smaller caps in gaming and AI may yield better returns.
If we close above 60k today for $BTC today, get ready for money flow into altcoins. Here's what altcoins I'm looking at:
1$AR - I am bullish on Arweave because of their recent announcement on adopting a horizontal scaling virtual machine model to write data to the Arweave blockchain.
This horizontal scaling model makes use of the computing power of nodes connected to the arweave chain and the internet in general to make transactions extremely fast. The mechanism that they use is all highlighted in their Twitter post.
2$SOL -As of writing this post, SOL has achieved a 10% return rate in 1 day, breaking the 120 resistance mark. If this week's candle closes above 125 then expect SOL to break the 140 mark and start its move toward 220. But exercise caution at the 140 mark.
3 AVAX -With many upcoming web3 games being built on the AVAX ecosystem and one due to launch by next month (Off the grid) get ready to see AVAX approach the 43 dollar mark in the week and overall see gains in the long term but only time will tell how high these gains go.
1. Coinbase supply of $BTC has dropped to 2015 levels in light of the BTC spot ETFs and the massive buys from blackrock.
-> This will cause supply shock in the future and I am of the opinion that Coinbase may have to stop selling BTC to the Spot ETFs at some point or no retail investors will not be able to take leverage positions due to Coinbases premiums.
2. There was a significant drop in the price of BTC yesterday after being rejected at the 53000 mark. Most of the sell orders ranged from 5 BTC to 0.01 BTC meaning that retail investors either wanted to sell at 53K or panicked out.
->However, today we saw a good recovery from the drop to 51K, most likely due to Blackrock buying the extra supply.
As for me I fear that at this rate there may be no Liquidity left if Blackrock continues to eat up Bitcoin so I'm gonna be very careful when I decide to trade BTC. #Write2Earn #BTC #SpotBitcoinETF #SupplyShock
Do you want to trade $BTC with leverage but do not want to open margins? Trade $STX it is a natural 2x leverage on $BTC percentage returns.
Be warned however, the leverage multiplier of STX will apply for losses as well. While I have some trades of 3x leverage on BTC I wouldn't advise those who do not want to trade margin to do the same.