BTC update 12/8.
The 1-week or 1-day plan is still to increase, price fluctuations of 3-5% are very normal, nothing special.
What's important is that the altcoins we hold are still increasing steadily and MAINTAINING THEIR PRICE, why worry so much about BTC.
I don't know if you guys are going long or short or both, but here I'm calling spot, when it's safe and I feel confident, I'll call futures.
BTC today seems to not meet expectations, yesterday I said 118,700 bounced up and last night it went back to 119,300 immediately bouncing to 120,800. During that time BTC jumped 1,500 in price but altcoins were going wild, the uptrend mentality encouraged buying with high leverage.
By night it dropped 2,700 from 120,800 back to a solid 118k.
Altcoins also dropped quite a bit, but so what, just hold spot and sit still, this morning it went back in, but I just looked at the h4 frame and it still wants to decrease so from now until 7 PM tonight I will sit still.
If BTC can reach the area of 117,500$ , I will open long positions for altcoins.
I'm not going long on BTC, I've said a lot that in this phase altcoins will recover faster and stronger than BTC, if lucky enough to long the right ones like LDO last night it could make 25% in a few h1 candles then great.
In summary, today wait for BTC to drop to catch long altcoins.
If there's a good opportunity, I'll message it, I want to say in advance if there's a flasdump I will catch the market price and won't have time to call but I will still show my long position for bragging, because the buying point has already been given :)
The above is my personal opinion, not investment advice, okay guys.
Thanks!
