Today I talk about an $11,000 BTC and some price analysis:
- The over extension from moving averages
- The RSI being overbought
- The fib levels to spot possible pullback points
If you did want to take some profit, I often use Uphold.com. I talk about:
- How to add cards
- How to send and receive from cards including back to bank account
- Uphold reserves and transparency (not exactly rock solid but you don’t have to store fiat funds on there). This is slower but safer, your choice.
Sources:
Charts provided by Coinigy:
https://www.coinigy.com/?r=16171fe8
Fiat currency conversions by Uphold.com:
https://uphold.com
▶️ DTube
▶️ IPFS
A strategy I use is to cash out 10% of the coins, enjoy some profits, and then “buy the dip” of
the upcoming correction
Honestly if I were invested in it I would stay in. Look at how much it has gone up just in the past few weeks. I think I'd be a fool to pull out now.
The ebb and flow of the market. It gets high, a bunch of folks cash out. This naturally drives the price lower. As the price lowers, folks start to buy in the dip. This drives the price higher again.
"Rinse and repeat"
Uphold looks great and solves the time problem of sending via SEPA - I currently use Revolut to exchange from GBP to EUR with 0% free then transfer EUR to Bitstamp (again 0% fee) using the Revolut app and finally buy bitcoin for 0.025% - havent done it in reverse yet. Useful howto here: https://steemit.com/cryptocurrency/@flowingman/buy-bitcoin-from-a-uk-bank-account-for-less-than-1-commission-using-revolut-and-bitstamp
Thanks so much for sharing Uphold with us. I need to get one of those
You were doubting your morning system in the livestream tofay (which would have worked), but understandable in these times. You were almost behaving like you bet the farm. Hope all is well - cheers to the advancement of monetary freedom from government.
And on the mining at a loss/break-even - it's not about the profitability today. Instead it is your confidence in the future of that coin.
Thank you for the valuable insights and tools. The remaining question (for me and those I wish to introduce to moderate investing in crypto) is when or what to buy at times of across the board mad growth (i.e. all my goto coins seem too high to buy (BTC, ETH, LTC, EOS) - would love to get some DSH for example, but that too, is through the roof...