XBT Long + Allocation Idea
Updated
- Some key levels have been broken (Im' sure everyone says this with absolute certainty, haha)
- If price breaks Blue Trendline, I will increase Allocations weighting.
Some theories rolling in my head at the moment:
- One way I could add to my position, is to Allocate, to a momentum basket trading tokens/coins from and index based on market cap.
- I think with CNH and CNY weakness, we might see demand for XBT increase as a way to circumvent Capital Controls. A relationship existed in 2015/2016 where CNH / CNY weekness saw a rise in XBT demand.
- Distributed ledger Sentiment seems to have bottomed? I see Facebook is allowing ad's for this segment again.
- If price breaks Blue Trendline, I will increase Allocations weighting.
Some theories rolling in my head at the moment:
- One way I could add to my position, is to Allocate, to a momentum basket trading tokens/coins from and index based on market cap.
- I think with CNH and CNY weakness, we might see demand for XBT increase as a way to circumvent Capital Controls. A relationship existed in 2015/2016 where CNH / CNY weekness saw a rise in XBT demand.
- Distributed ledger Sentiment seems to have bottomed? I see Facebook is allowing ad's for this segment again.
Note
At the time of this comment - I am not liking current price action
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