Weekend selloff

in bitcoin •  3 years ago 

As written in my last post I expected some pullback during the weekend, doesn't look like it's going to be a lot and I'm fully planning on entering a long position either later today or on Sunday. I'm going to be keeping my stop loss closeby to my entry position after trying to catch a dip that looks like it's done dipping and hoping for a nice retrace back up the next week. If I get stopped I'll try enter the position shortly after that dip, as long as I'm not sleeping at the time.

The fundamentals and mainstream attention haven't changed, short term some billionaires are able to manipulate the price swings but medium and long term there's still more and more money coming into the market and primarily going into Bitcoin and some large cap alts. I'm not going to be talking much about Bitcoin dominance and when the next alt season starts cause that's harder to predict than the usual market sentiment but I wouldn't sell anything at this time and stay diversified.

Let's see what happens at the start of the new week, stay safe and don't get liquidated!

best regards, Blay

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