While the likelihood of Bitcoin falling isn’t high, it’s over half and the amount of fall is a large enough hammer to make a big dent. So we sold all our positions here.
Technically, price is having a hard time breaking out above these two ceiling resistances.
If Bitcoin goes up and becomes bullish, alts will go up a 20-30%.
We would miss some of that because we are not in position.
But there will be at least one sell down where everybody can get back in at the bottom.
If we drop down before hitting $6800, you can see a clearly bearish head and shoulders.
If we break above $6800, we weaken that possible head and shoulders so we might buy back. But we have to reevaluate when if that happens.
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Bitcoin looks bearish. So we take what we can and go to cash
Crypto requires patience and strategy. It also requires iron clad vision.
Most people would have sold at a 20% loss.
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After we bought Theta, it kept dropping for 3, almost 4 days. Then it exploded. That’s when we sold.
Most people can’t handle the heat of losing 22% in 3 days. But we knew Theta would perform strong and deliver a meaty ROI so we held until the pump. And we got rewarded with a 25% profit for our 3 day hold.
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We must have gotten lucky 6 times in a row.
A few days after we bought THETA for our clients, it got listed in Bithumb.