I think BTC has bottomed here. I resumed my spot long position at roughly 864 euros earlier. I only had a 20% long position, and the rest in cash and ZEC, MLN and ETH. My clients and me have been riding the uptrend with great success, and reducing risk during market corrections. It's not yet clear if the trend will resume yet, but, this was a good low risk level to try and join it once more. Keep in mind I keep a core long term position open at all times, which I never sell, and the same is true of ETH, and maybe ZEC too soon.
If interested in learning more, or gaining access to my private signals group, contact me via pm.
Good luck,
Ivan Labrie.
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Bam...so, yes, that was the bottom. Now we might form an accumulation range here, before going higher. We're executing our trading plan, so far so good, let's see how this week pans out.
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Damn son...think that I rode all this thing up, I sold half of the coins last night.
SegWit signaling has gone up (coin.dance/blocks). If progress starts to be made, fundamentals and sentiment will improve, bullish in my opinion. Technicals already screaming for a correction.
IvanLabrie
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@XxOsurfer3xX, the correction in the uptrend happened already. Now, it's not yet clear if we'll resume the steady uptrend, but, I'm positive we won't drop any lower before retesting the top of the range again.
XxOsurfer3xX
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@IvanLabrie, yep. I ment a correction up, since lately sentiment has turned bearish.
IvanLabrie
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@XxOsurfer3xX, ah, well, sentiment is one thing, the trend is largely up, in monthly and soon weekly again.
Hello Ivan :) What do you think about the potential BTC hard fork? There seems to be a certain level of fear nowadays because of this issue, even though if Hard fork happens, people who hold BTC would receive exact amount of BTU. If the split happens, I assume some would jump into Altcoins, some into cash, so BTC would drop. I personally will hold my BTC no matter what, because of the extra coins. What are your thoughts on this issue?
IvanLabrie
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@DomarkasM, I think the fork risk is priced in, and we're seeing a market bottom.