(1/25)
Here is a THREAD I promised covering:
1. My thoughts on this run - for BTC and $VET
2. What you should do - trade vs hodl
3. How to cash out - method i'm sticking to
Purely my opinion, please like / retweet if you like it! :)
#VeChain #VeFam #VET
Here is a THREAD I promised covering:
1. My thoughts on this run - for BTC and $VET
2. What you should do - trade vs hodl
3. How to cash out - method i'm sticking to
Purely my opinion, please like / retweet if you like it! :)
#VeChain #VeFam #VET
(2/25)
My Thoughts on BTC
1. We just had our highest weekly close at $62K BTC - good news, likely continue our FINAL leg of this bullrun
2. Current top estimates for #Bitcoin across CT / analysts varies between 100K to 300K
3. You do not want to hodl back down after this run
My Thoughts on BTC
1. We just had our highest weekly close at $62K BTC - good news, likely continue our FINAL leg of this bullrun
2. Current top estimates for #Bitcoin across CT / analysts varies between 100K to 300K
3. You do not want to hodl back down after this run
(3/25)
4. From my experience in 2017, many called for BTC to top out between 20K to 100K but we only hit the lowest range
5. During the flash crash from 20K to 13K, lots were saying there was gonna be continuation and newbies just held on to their investments.
4. From my experience in 2017, many called for BTC to top out between 20K to 100K but we only hit the lowest range
5. During the flash crash from 20K to 13K, lots were saying there was gonna be continuation and newbies just held on to their investments.
(4/25)
6. Truth was that, NO ONE knew
7. It is VERY LIKELY that we may hit the lowest TP for this run i.e. 100K BTC, and not much higher
8. Be prepared to accept fact if 100K is the top. It's still a 5x from 2017 top
6. Truth was that, NO ONE knew
7. It is VERY LIKELY that we may hit the lowest TP for this run i.e. 100K BTC, and not much higher
8. Be prepared to accept fact if 100K is the top. It's still a 5x from 2017 top
(5/25)
9. Why 100K? It is a MAJOR psychological resistance and many will take profit there. It's NEVER gonna take just 1 attempt to break if we do so
10. I expect a major dip once we hit 100K to say 80+K, before rebounding back to 90K (LH), and may signal the top of the run
9. Why 100K? It is a MAJOR psychological resistance and many will take profit there. It's NEVER gonna take just 1 attempt to break if we do so
10. I expect a major dip once we hit 100K to say 80+K, before rebounding back to 90K (LH), and may signal the top of the run
(6/25)
11. I guarantee you that big CT accounts will likely call this a healthy correction for continuation, but please take it with a pinch of salt
12. Profits are Profit. Take it when you can, it's better to take it on the way up than down. BOOK profits when you can.
11. I guarantee you that big CT accounts will likely call this a healthy correction for continuation, but please take it with a pinch of salt
12. Profits are Profit. Take it when you can, it's better to take it on the way up than down. BOOK profits when you can.
(7/25)
My Thoughts on $VET
1. Once Bitcoin hits its peak, money will start flowing from BTC to ETH and then to alts like VET.
2. It is likely that ALTS will hit an ATH within 3 weeks after BTC hits the top.
My Thoughts on $VET
1. Once Bitcoin hits its peak, money will start flowing from BTC to ETH and then to alts like VET.
2. It is likely that ALTS will hit an ATH within 3 weeks after BTC hits the top.
(8/25)
3. Altseason from 2017 was MANIC. Coins printed easily 2-20x in the final Alt run in 3 weeks period. i.e. XRP from $0.2 TO $3.50 and many others
4. Many people have various targets for $VET, between $0.45 to as high as $3.00+ for this final leg up.
3. Altseason from 2017 was MANIC. Coins printed easily 2-20x in the final Alt run in 3 weeks period. i.e. XRP from $0.2 TO $3.50 and many others
4. Many people have various targets for $VET, between $0.45 to as high as $3.00+ for this final leg up.
(9/25)
5. When we get this final alt run, you may want to stay away from EXTREME bullish accounts on CT.
6. Everyone will tell you it's ONLY UP, and nothing will stop the train.
7. Truth is, a major dip will follow suit after it peaks.
5. When we get this final alt run, you may want to stay away from EXTREME bullish accounts on CT.
6. Everyone will tell you it's ONLY UP, and nothing will stop the train.
7. Truth is, a major dip will follow suit after it peaks.
(10/25)
8. How to identify the 'top' for VET / altcoins? I don't advise you to try catching the 'top'. Sure there are various TP's / key resistance levels on the way up (read part 3 on my plans on cashing out)
9. Again, BOOK profits when you can on your ALTS.
8. How to identify the 'top' for VET / altcoins? I don't advise you to try catching the 'top'. Sure there are various TP's / key resistance levels on the way up (read part 3 on my plans on cashing out)
9. Again, BOOK profits when you can on your ALTS.
(11/25)
10. Do not have your mind fixated on a Profit Target just because. Price goes according to market sentiment and not because you want it to hit your TP.
11. Set prices BELOW round numbers to TP i.e. $0.99 instead of $1.00 - psychological resistance. Sell ahead of people.
10. Do not have your mind fixated on a Profit Target just because. Price goes according to market sentiment and not because you want it to hit your TP.
11. Set prices BELOW round numbers to TP i.e. $0.99 instead of $1.00 - psychological resistance. Sell ahead of people.
(12/25)
12. You are ALONE when it comes to taking profit, no one will be hand holding you to tell you when to TP (ACB is here thoughπ)
13. Everyone has their own financial goals. Do not just assume your TP is the same as big CT account's TP.
12. You are ALONE when it comes to taking profit, no one will be hand holding you to tell you when to TP (ACB is here thoughπ)
13. Everyone has their own financial goals. Do not just assume your TP is the same as big CT account's TP.
(13/25)
What you should do - trade or hodl?
1. Is this your first time ever in crypto bullmarket? If YES, then please just stay away from the computer for the next 2 months and come back again late December.
2. HODL is a better strategy for 95% of CT.
What you should do - trade or hodl?
1. Is this your first time ever in crypto bullmarket? If YES, then please just stay away from the computer for the next 2 months and come back again late December.
2. HODL is a better strategy for 95% of CT.
(14/25)
3. Greed consumes us and plays with our emotions.
4. On the way up, you will see rapid movements up / down and you'll be very tempted to 'trade' these movements.
5. If you are inexperienced, you may get caught selling the bottom / buying the top
3. Greed consumes us and plays with our emotions.
4. On the way up, you will see rapid movements up / down and you'll be very tempted to 'trade' these movements.
5. If you are inexperienced, you may get caught selling the bottom / buying the top
(15/25)
6. Personally, i'll advise you guys to just hodl your $VET if you already have a position.
7. Only trade if you are really familiar with trading LTF / HTF.
8. Read the next part to know what method i'm using to cash out if you're hodling.
6. Personally, i'll advise you guys to just hodl your $VET if you already have a position.
7. Only trade if you are really familiar with trading LTF / HTF.
8. Read the next part to know what method i'm using to cash out if you're hodling.
(16/25)
Method I'm using to Cash Out
1. Probably THE most important part of being in Crypto is to know how to take profit.
2. It is the HARDEST thing to do in a bullmarket because greed takes over our emotions.
Method I'm using to Cash Out
1. Probably THE most important part of being in Crypto is to know how to take profit.
2. It is the HARDEST thing to do in a bullmarket because greed takes over our emotions.
(17/25)
3. Remember that a bullmarket isn't forever. As mentioned above, I expect the final leg up to last 3 weeks after BTC peaks.
4. Don't get caught with your full position when it's tumbling down.
3. Remember that a bullmarket isn't forever. As mentioned above, I expect the final leg up to last 3 weeks after BTC peaks.
4. Don't get caught with your full position when it's tumbling down.
(18/25)
5. As I expect BTC to peak at 100K to max 120K, I expect Alts to run between 3x - 10x from current levels similar to 2017 in the final run.
6. No one will know where the end game is for your particular alt, not even your biggest CT account on Twitter.
5. As I expect BTC to peak at 100K to max 120K, I expect Alts to run between 3x - 10x from current levels similar to 2017 in the final run.
6. No one will know where the end game is for your particular alt, not even your biggest CT account on Twitter.
(19/25)
7. To identify a potential blowoff top for your Alts, you may consider selling at least 50-70% of your remaining bag if your alts prints a 50-100% candle in 24hours. A hard retracement usually follows
8. Profits taken out of the market should remain OUT of the market.
7. To identify a potential blowoff top for your Alts, you may consider selling at least 50-70% of your remaining bag if your alts prints a 50-100% candle in 24hours. A hard retracement usually follows
8. Profits taken out of the market should remain OUT of the market.
(20/25)
9. Do not throw your profits back in at retracement levels because you will be likely catching a falling knife.
10. Take profit levels for VET may vary depending on your bag size relative to your financial position
9. Do not throw your profits back in at retracement levels because you will be likely catching a falling knife.
10. Take profit levels for VET may vary depending on your bag size relative to your financial position
(21/25)
11. Whether it's a lifechanging amount of $VET (scenario 1) or if your VET is only 10% of your entire net worth currently (scenario 2) will determine the strategy you might wanna use. I'll cover both here for your reference - will cover scenario 1 first.
11. Whether it's a lifechanging amount of $VET (scenario 1) or if your VET is only 10% of your entire net worth currently (scenario 2) will determine the strategy you might wanna use. I'll cover both here for your reference - will cover scenario 1 first.
(22/25)
12. Strategy is to cash out as it goes higher.
13. Personally I'm setting a sell of 1% of my bag size starting from $0.25 onwards all the way up. This portion sold will remain out forever.
14. When we get the blowoff top (point 7), I will sell it all there.
12. Strategy is to cash out as it goes higher.
13. Personally I'm setting a sell of 1% of my bag size starting from $0.25 onwards all the way up. This portion sold will remain out forever.
14. When we get the blowoff top (point 7), I will sell it all there.
(23/25)
15. Scenario 2 - I will wait for the time $VET / altcoins print 50-100% without news (assuming BTC has peaked) and sell it all there. I think it is a safe method to assume the 'top' is in. Even if it isn't you can almost be assured that retracement will happen
15. Scenario 2 - I will wait for the time $VET / altcoins print 50-100% without news (assuming BTC has peaked) and sell it all there. I think it is a safe method to assume the 'top' is in. Even if it isn't you can almost be assured that retracement will happen
(24/25)
16. For both scenarios, money out will remain out. This is how I booked profits in 2017, and I will continue to do so in 2021.
17. Whilst I believe that $VET has the strength + fundamentals to have a super bullrun to >1$+, I do not want to rely on HOPE alone.
16. For both scenarios, money out will remain out. This is how I booked profits in 2017, and I will continue to do so in 2021.
17. Whilst I believe that $VET has the strength + fundamentals to have a super bullrun to >1$+, I do not want to rely on HOPE alone.
(25/25)
18. I strongly encourage you to read and re-read the above until you understand. It is very important that someone tells you this
19. Always devise a strategy for taking profit, stick and execute it
Thank you very much. Hope it was helpful #VeFam!
18. I strongly encourage you to read and re-read the above until you understand. It is very important that someone tells you this
19. Always devise a strategy for taking profit, stick and execute it
Thank you very much. Hope it was helpful #VeFam!
Wasn't clear on Scenario 1 - missed out a point. TQ for pointing out.
13. Personally I'm setting a sell of 1% of my bag size starting from $0.25 onwards EVERY 1 CENT up all the way. Remainder of the bag will be 100% sold when VET prints 50-100% in 24 hours (blowoff top)
13. Personally I'm setting a sell of 1% of my bag size starting from $0.25 onwards EVERY 1 CENT up all the way. Remainder of the bag will be 100% sold when VET prints 50-100% in 24 hours (blowoff top)
I hope to be wrong with the conservative BTC or VET targets. I want BTC to go to 200-300K, but I just want you guys to also remain grounded during this bullrun. Don't be fooled with large CT accounts.
Thank you everyone for the overwhelming response / compliments over DMs. I truly appreciate that you took the time to read this up. I'll try to provide more contents like this in the future to help you guys navigate through the bullrun. Meanwhile, LFG π
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