The best time to buy #Altcoins is still now.
We're 6 months before the Bitcoin halving is going to take place and altcoins are slowly breaking out.
It's just barely a start, there's more upside to come and you can still position yourself well. Cycles take place.
Here's why:
The markets and sentiment tend to be correlated with each other. This means that the markets are currently in a state of mind where the expectation is that every rally is going to fail and we'll correct back down.
Even specific assets like Chainlink, which has been consolidating for more than 500 days, is breaking the range high, it's very understandable to suspect that it's a failed breakout.
If you look at the entire move, it's a breakout which is a significant one and is probably going to give a significant amount of more upside.
Remember, previous cycle Ethereum bottomed at $80 and ran to $4,800. That's a 60x. On Ethereum, yes.
This all took place, while starting with a long accumulation period in 2018/2019. That's comparable to the current period.
If you see an altcoin breaking out at this point and provide an upwards return of 50-100% and you might think; hey this is the moment I need to sell, because everybody around me yells that it's going to be the top.
Perhaps, but why not use a relatively mellow strategy on your investments? At this point, if you've been holding your specific altcoins, there's no need to start selling everything at once.
Scale in, scale out. That's the way to go. If you see an altcoin substantially running upwards, time to slowly scale out.
Every 20-50% dip is an opportunity to scale back in, but what do you do if something ran up significantly and it continues running without you being in position?
Exactly.
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That's why we start taking profits on every move up, but also keep on adding back in when we're seeing substantial dips.
What to expect from something as Chainlink? Currently it's consolidating at a level above the range. It's a strong breakout and it's not expected that we'll have deep dips, as people are eager to get back into this asset.
What's the gameplan? Well, if it runs up 10%, just sell 5-15% of your position. Does it go up some more, another 10%? Sell another 5-15% of your position.
Corrections will happen, definitely, but at this point in time you'd want to have skin in the game. If Chainlink drops 10%, you can start allocating 10% back in again.
Compound your positions. This is the time to make the money you've been wishing for.
Gold is moving well and finally gold stocks are responding.
Sentiment in gold stocks has been abysmal and general investors are underweight.
The XAU (my pref'd index) has broken higher, back tested and is now surging as RHS.
Much higher prices coming.
#gold $XAU $GDX $GLD
Age is never a limit unless you use it to embarrass yourself. May you live the life you want, and may your years be in full bloom no matter when. Good morning!
EXCLUSIVE: Joe Biden paid nearly $2.75 million CASH for Rehoboth Beach house within weeks of Hunter sending 'threatening' text to Chinese business partner demanding to close $10million deal
Joe Biden bought his six-bedroom Rehoboth Beach house in June 2017 for $2,744,001 cash
The transaction was within weeks of a questionable text that Hunter Biden sent to a Chinese associate demanding to seal a deal worth $10million a year
'I am sitting here with my father and we would like to understand why the commitment made has not been fulfilled,' Hunter wrote on WhatsApp https://t.co/b8zNoQRu0y via @MailOnline
The history of what comes soon after a rapid steepening of the YC following inversion is clear. Recession.
You certainly have to believe ‘this time is different’ if you are long stocks with 25% earnings growth expected over the next 2yrs.