My Plans.
If,
BTC - $55.5k
ETH- $3.060
I will buy more spot on both.(I hold both at lower prices)
I have also set limit long orders 4x leverage at those prices.
Stop loss BTC- $51.4k
Stop loss ETH- $2700
My SL is wide because my leverage is low.
These leverage entries make up a very small % of my bankroll, i am happy to leave them for weeks-months.
I would not advise entering high leverage on anything in these conditions.
Please dont high leverage or high margin, my entries and trade ideas are 0 stress to me, tomorrow will likely have a LOT of volatilty.
These are just my short term ideas, i still hold many other spot positions, with current uncertainty i am happy to add more BTC and ETH simply because of their institutional backing.
The overall market -ie stocks, Gold and so on is not showing signs of panic so i am happy to buy more BTC and ETH based on this.
As we have not seen panic in other markets this could simply be a reaction to Mt.Gox or German,US BTC sell pressure.
If that is the case Crypto will recover, if not then BTC and ETH will hold up far better, they might not 5-10x but they also wont lose 30-40% in a day.
*Edit moved ETH SL lower * (Thanks Xross 😁)
Peace.
