𧩠Market Opinion. Rebalancing the coin. Altseason
Market Opinion
Hey guys everyone. Bitcoin is now trading around 52300 dollars, it has almost met its targets (1/3). The only thing left is to consolidate the price above 48000 thousand dollars on the weekly timeframe (target 2/3), thereby changing the global resistance (level of 48000 thousand dollars), to a support level. It is at this point, all technical analysts will consider the breakdown of the downtrend and the beginning of a new uptrend. And Be any further decline in the price of Bitcoin, will be considered a good discount to enter the market.
Since altcoins are not rising at the same time as Bitcoin, it is a good sign in fact, altcoin season is imminent. Altcoin season, could start at any moment. But the ideal point of growth of Altcoins will be Bitcoin fixation above 48 thousand dollars (target 2/3) and Bitcoin price decrease to the level of 45 - 40 thousand dollars (target 3/3). At that point, Altcoins will shed and that will be the last fear Altcoin holders will have. After this decline, on any Bitcoin growth, we may see a crazy Alcoin season(target 3/3). Is it worth getting out of Alcoin to buy into the upcoming spill as much as possible at a niche price? Unequivocally no!!! I don't know how much, how much they will drop, or if they will drop at all. Perhaps it will only be a wick, taking out stops(Long positions on Altcoins), at night when I sleep.
Rebalancing the coin
Now let's get to the most important thing, the changes in my portfolio over the last couple days.
I held API3 coin on two exchanges and just yesterday on one of the exchanges, I rebalanced API3 to HFT. Since the API3 coin brought me more than x2 from the entry point and this is not its limit, it can still give x10.
But I want to hang the risk a bit and buy something that hasn't grown anywhere yet, but has upside potential.
On HFT the Funds only have a few x's each, the coin hasn't really shown any growth yet and that's a good thing.
I suspect that the Funds have been buying the coin all along and may now push it up as there will be something to sell.
The belief that this coin can grow is there. That's all for now. Profit, everyone. See you later.