When the Bitcoin leaves the big triangle, your plan should stand.

Although Bitcoin has been making significant downward and upward movements over the last few days, looking at the logarithmic 4-hour chart of Bitcoin (BitStamp on TradingView) shows that all this is just a prelude to the massive movement we face then expected when the Bitcoin will leave the big triangle. Because still moves the Bitcoin only (!) within the triangle into the corner of it. Things really get exciting between the beginning and the middle of September. So as long as nothing important happens, you can use the time to think about your own investment strategy in coin currencies.

Sure, I can not break your mind, but mine. And I would like to briefly announce the result here in this blog below. Personally, I expect an outbreak of the Bitcoin to the downside of the triangle. Because it would be more appropriate in the sense of the overall picture and a sufficient correction at the end of the parabolic rise towards the middle of the year and better for the further increase on a proper basis. But I can not rule out that it goes up in big steps. Well, Bitcoin does not do what I want, but I have to position myself relative to its movements. My basic positioning is. Even if I count on another correction to the downside, I position myself for the second big wave of Bitcoin on its way up. Concrete. I buy long positions!

After having closed all my short positions in my eToro account CryptosWithB66 positive, over the last 2 weeks I have been gradually investing 25% of my capital in long positions in Bitcoin, Ethereum, Ripple, Bitcoin Cash, IOTA and Litecoin. That’s not too much in case it goes down at the end of the triangle. If the Bitcoin shoots up, I’ll be allready in with 25% of my capital. So I’m feeling very well right now and I’m waiting to see what happens. So, on a possible way down or up, I will gradually take more long positions in the above-mentioned coins in units of 5% of my capital up to a maximum investment volume of 80% of my capital. For example, the next possible buy point would be the bottom of the triangle, then the 9,000 USD range and then 7,500 USD and so on. A way down in the depot would crunch properly, but would be more lucrative in the long run.

Oliver Michel

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Risk Warning
Please note: The information does not constitute an offer to sell the treated share (s) or crypto currency or any solicitation to buy or sell securities in general. It is based on sources that the publisher believes to be trustworthy. Nevertheless, the liability for pecuniary loss, which may possibly result from the use of the statements for their own investment decision, is excluded. We note that stocks and crypto currencies are inherently risky. The total loss of the capital invested can not be excluded. You should seek further advice before making any investment decision. The publisher may hold short or long positions in the treated stock (s) or crypto currency (s). Copyright: © 2018 block66.de. Reprint (also in part), commercial redistribution and inclusion in commercial databases only with the written permission of the publisher.

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