There is a real chance that btc instead of correcting back at 6k it might accelerate even more (18k by late December). for those who read my trading view posts, you already know that I predicted a direction change (funnel brake out) weeks ago, but i thought that it will happen in a month(late December). it looks like it is happening right now. btc after trading on the resistance levels for 10 DAYS!! it eventually broke significant resistance and it is ready to brake a super strong resistance at 10.2-10.4k ( if it was hitting this price in a month it would be "normal")
now it might just be an overshoot before the correction or an new acceleration as we experienced last may-april.
what should you do? as always i am telling you what i do, but different people with different risk tolerance, different perspectives and needs.
1) As i shared the other day, I cashed out some profits and i am very happy for that, I am advising you to do the same, even if you just withdraw a symbolic amount, like 2-5% of your profits. it is going to reduce your stress and make you think cleaner.
2) beware of shit coins! i dont think that is a good idea to have money on shit coins for long period of time and especially now, if you are risk tolerant buy monero (if you buy then hold until around 25 of December, i will keep you informed), if not just hold btc.
3) DECIDE NOW what you are going to do with your btc when it hits 10-11k. make your plan decide now and stick your plan NO MATTER WHAT. Smulate all the different scenarios in your mind, write it down and stick to it. e.g. if you want to cash out some btc, decide now the amount and the price range, if you want to hold your btc for long term (more thatn 6 months) then if you see it going up to 11k and dropping to 8k DO NOT PANIC AND SELL. stick to your plan!
now it might just be an overshoot before the correction or an new acceleration as we experienced last may-april.
what should you do? as always i am telling you what i do, but different people with different risk tolerance, different perspectives and needs.
1) As i shared the other day, I cashed out some profits and i am very happy for that, I am advising you to do the same, even if you just withdraw a symbolic amount, like 2-5% of your profits. it is going to reduce your stress and make you think cleaner.
2) beware of shit coins! i dont think that is a good idea to have money on shit coins for long period of time and especially now, if you are risk tolerant buy monero (if you buy then hold until around 25 of December, i will keep you informed), if not just hold btc.
3) DECIDE NOW what you are going to do with your btc when it hits 10-11k. make your plan decide now and stick your plan NO MATTER WHAT. Smulate all the different scenarios in your mind, write it down and stick to it. e.g. if you want to cash out some btc, decide now the amount and the price range, if you want to hold your btc for long term (more thatn 6 months) then if you see it going up to 11k and dropping to 8k DO NOT PANIC AND SELL. stick to your plan!
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