BTC comparison to stock market
Hello Peeps,
So I had to do a sell off today (everybody's got to pay rent). I am set without the need to sell for a few weeks now, and that is VERY good. As you can see we are still in a positive line since our low at $170. Crypto has been growing since the bottom in mid September. We are on our way up people ;) finally!!!
If you were wondering I got lucky and sold at 9AM (Europe time) this morning so I just squeezed in before this most current dip, sometimes you get lucky with a buy/sale, sometimes you get VERY unlucky lol.
I've overlaid a chart with the percentage loss from the S&P and the Dow over this BTC chart. I find the correlation between the crypto and stock dip on oct 11 to be VERY interesting. Remember the crypto drop on October 11 happened in 13 minutes on Coinbase. I truly believe it was posturing to make crypto look like the stock market, and that is GOOD for crypto because the stock market looks like a steaming pile of fear right now lol.
I suggest patience. And calm, this newest dip aint hit.
Remember my trading strategy is heavily leveraged right now. I can only sell, and I cannot buy anymore. I will have to be patient waiting for my partial exit hopefully early/mid January. I will never leave crypto, but it would be nice to have some liquid cash to buy in right now ;)
Current portfolio composition:
BTC 18,5 %
ETH 39,9 %
BCH 10,4 %
LTC 11,5 %
XRP 19,6 %
Hope everyone has a great masturbation today :D
Social media is weird lolololololol
So I had to do a sell off today (everybody's got to pay rent). I am set without the need to sell for a few weeks now, and that is VERY good. As you can see we are still in a positive line since our low at $170. Crypto has been growing since the bottom in mid September. We are on our way up people ;) finally!!!
If you were wondering I got lucky and sold at 9AM (Europe time) this morning so I just squeezed in before this most current dip, sometimes you get lucky with a buy/sale, sometimes you get VERY unlucky lol.
I've overlaid a chart with the percentage loss from the S&P and the Dow over this BTC chart. I find the correlation between the crypto and stock dip on oct 11 to be VERY interesting. Remember the crypto drop on October 11 happened in 13 minutes on Coinbase. I truly believe it was posturing to make crypto look like the stock market, and that is GOOD for crypto because the stock market looks like a steaming pile of fear right now lol.
I suggest patience. And calm, this newest dip aint hit.
Remember my trading strategy is heavily leveraged right now. I can only sell, and I cannot buy anymore. I will have to be patient waiting for my partial exit hopefully early/mid January. I will never leave crypto, but it would be nice to have some liquid cash to buy in right now ;)
Current portfolio composition:
BTC 18,5 %
ETH 39,9 %
BCH 10,4 %
LTC 11,5 %
XRP 19,6 %
Hope everyone has a great masturbation today :D
Social media is weird lolololololol
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.