BTC Personal Outlook on alts and BTC Going into March
Updated
Disclaimer: obviously do your own research for the love of God. I'm just a noob keeping a public diary.
Anyway, I believe that the crypto markets are purely driven by speculation, FOMO and FUD.
The FOMO dried up in December and FUD started but that also seemed to have ended with the FCC and SEC hearing.
This means that now we're in this weird almost void. This leads me to believe that until some FOMO or FUD sparks a bigger a movement, we'll probably just bounce between 7-10k.
I have a short open, 8.8k target (0.5 fib and 200 day EMA). After that I'll reevaluate again.
Altcoins, a lot of them look nearly bottomed. key there being NEARLY. The idea is that as BTC drops to 7-8k, alts will bottom and the have their run as BTC sidelines and waits for a trigger.
However, cos i dont know shit, im gonna play it safe with altcoins, look for once that have a lot of stuff coming up in Q1-Q2 and have tight as fuck stop losses and profit takes.
This post will be my March blog for btc and general altcoins. Gonna be a fun experiment.
Best of luck to everyone
Anyway, I believe that the crypto markets are purely driven by speculation, FOMO and FUD.
The FOMO dried up in December and FUD started but that also seemed to have ended with the FCC and SEC hearing.
This means that now we're in this weird almost void. This leads me to believe that until some FOMO or FUD sparks a bigger a movement, we'll probably just bounce between 7-10k.
I have a short open, 8.8k target (0.5 fib and 200 day EMA). After that I'll reevaluate again.
Altcoins, a lot of them look nearly bottomed. key there being NEARLY. The idea is that as BTC drops to 7-8k, alts will bottom and the have their run as BTC sidelines and waits for a trigger.
However, cos i dont know shit, im gonna play it safe with altcoins, look for once that have a lot of stuff coming up in Q1-Q2 and have tight as fuck stop losses and profit takes.
This post will be my March blog for btc and general altcoins. Gonna be a fun experiment.
Best of luck to everyone
Note
Also, times when theres not much happening are perfect maintenance times imo.Been sloppy with your record keeping? want to analyse your past trades and how successful you are?
Now's the time. instead of looking where to throw your money, take a second to clean up, analyse, learn and then decide what to do
Cheerio xxx
Note
See what i mean about the hype? Goldman backed start up buys poloniex and we jump.The thing with hype though is that if unsustained it quickly dies down so lets see where we go from here.
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