The BTC begins its downward movement. Stay alert.
Thomas Lee : The drop in the correlation between alts and $BTC suggest alt-season could be underway — link (https://twitter.com/fundstrat/status/1119646089311866880)
Twitter
1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTC
This drop in correlation has started recently (lower part of chart and scale is inverted)
This is a data point to suggest alt-season…
This drop in correlation has started recently (lower part of chart and scale is inverted)
This is a data point to suggest alt-season…
Still the market is in a weird trend, but we will try some trades to test.
Don't forget that you should allocate 1 - 5% of your portfolio maximum in every trade.
You should always keep some BTC on the Side
You should not have all your assets in Binance... save them in a cold storage.
In case an exchange is hacked, you lose everything.
We trade about 20-30% of our assets only... The rest of our assets are just kept safe.
We also allocate totally about 3% of our assets in Margin Trading which is very risky, and we are testing various trategies and inside information.
You should always keep some BTC on the Side
You should not have all your assets in Binance... save them in a cold storage.
In case an exchange is hacked, you lose everything.
We trade about 20-30% of our assets only... The rest of our assets are just kept safe.
We also allocate totally about 3% of our assets in Margin Trading which is very risky, and we are testing various trategies and inside information.
Top 10 Coins by Capitalization
Bitcoin is trending up again 😞😊
As we can see Bitcoin is still in the uptrend so it still affects all our Altcoin trades.
We need to remove emotion and close some open trades with big loss.