BitcoinLong
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
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