I made huge gains this year on #solana, #polygon & $GALA but i always take profits & manage risk.
If you wish you took profits to buy dips on #cryptocurrency this thread will teach you how i did it.
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1/ PORTFOLIO - PT 1
I always aim for the following balance in my portfolio:
-Lower risk #Bitcoin = 40%
-Mid-low risk #Ethereum & #Solana = 20%
-Mid-low risk #Polygon = 5%
-High risk number of smaller #altcoins = 15%
2/ PORTFOLIO - PT 2
Some will have a riskier portfolio with larger allocations to #metaverse or #NFT plays.
BUT i will never forget that 90% of #altcoins went to zero last bull run. So i always like to layer into #bitcoin#ETH
But many people this year will have got #REKT'd on projects like #dogecoin#shiba
Starting out in #crypto is hard.
Here is a simple thread top stop you getting wrecked 🧵👇
RT if you like ☺️
1/ GET RICH QUICK - PT1
You hear stories of people making millions overnight like @ProTheDoge , who bet everything on $DOGE. But 99% of the time its pure luck.
2/ GET RICH QUICK - PT2
New investors are seduced by the #moon potential of smaller projects & invest more than they can afford to lose.
Remember to always only invest what you can lose & take profits when you can!
My biggest gains this year where by getting in early on $matic #Polygon , $gala #GalaGames and $SOL #Solana
But overtime i alway try to put profits into #btc#Bitcoin
Here are some of the best tools i use to analyse Bitcoin price action. 🧵👇
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1/ CBBI INDEX
The CBBI index is awesome, it compiles some of the best leading indicators out there into one metric. Its almost always spot on too. If the score is over 85 sell, below 20 buy.
The best single indicators for me which is the Mayers multiple. It has been scarily accurate too overtime. It compares the current price against the 200 day moving average