i am unsure how much of my alts to keep and how much to sell for btc , at the moment i am like 80 % alts and 20 % btc
eFund
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@scousertommy, well, the alts drop less and less every short term bullrun.
so i think their building resistance against the BTC bulls and will eventually moon with BTC.
the "elite" traders dont use the sell button btw, they just put their stop losses higher up
scousertommy
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sure about this ?
eFund
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@scousertommy, well it seems like its working out, just make sure to stop loss BTC at 17200 inb4 its a trip top
jeremyalain
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@eFund, agreed. the bull runs are impacting alts less. last time they showed -20% to -30%, but when you look at USD, they only took a 5% hit, and when you hold through the dump, the money all comes back and stronger. I believe we may be going back and forth like this more than the previous gigantic bull runs with btc, since people are now more heavily invested in alts and are wanting to play both fields, rather than just everything btc. This is just my own theory, and of course could be wrong.
eFund
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@jeremyalain, true BUT this might be a leg bigger leg up, the BTC bull where alts only took 5% was when alts went from the bottom of the recent flag to the top