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Getting Crushed by the markets.

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@ecoinstats
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'Should have sold for USD'. Yes we were just thinking that for ourselves.

BTC/USD

It looks like BTC will hold above 10k, but if not the next resistance is 8900. What a rush.

Since we've held on this long, we'll keep holding. Most of our bitcoin is buried in the foothills of an active volcano any how, precisely so we aren't tempted to trade in and out.

But how is the active portfolio doing?

In a few words, not so great. After getting smashed against BTC and bagging up into our selected alts early on in this dippening, we cancelled most operations and reset some positions based on the new realities of our portfolio composition.

Even that has proven to be less than spectacular, as seen above, but there has been one ray of golden light: DigiByte!

DGB/BTC

Thank goodness for DGB, the one token on our list that makes us think its still worth being exposed to this type of crazy volatility! And it doesn't seem to be over yet.

A recent CoinDesk article entitled "V-Shaped Recovery From Bitcoin’s Biggest Drop Since March Unlikely, Say Analysts" cites the options market's indicators when saying that BTC could break below 10k and retest 8900.

Be still beating heart. Squeeze stress ball to strengthen weak hands. We are either right about this new technology and asset class, or not.

Liquidity Squeeze

When markets crash, liquidity is king and ALL ASSET PRICES take a hit. We saw this in March and we are seeing it again today. Interestingly, gold and silver aren't pulling back nearly as much, but the highly liquid crypto markets are facing the reality that many people are suddenly valuing liquidity, especially in USD.

But what has happened since March's dip in asset prices? Bitcoin hit 300% valuation from the lows (from less than 4k to almost 12k) If Bitcoin can defend 8900 or even 10k this round, we feel strongly that All Time Highs are just around the corner.

This is not advice, it is history. Risking your own money is....Risky!

Posted Using LeoFinance