#BTC last month i predict BTC will go back to 50k and now it has been dropped from 71k since i told it will go down, and now it's on 53k about a few hours ago. we will see how it play next after this,
#VGX we as trader are confuse by this decision to add more total supply on VGX? what is the motive here? well i know the circulating supply still 210m but what if they flood the market with the new created supply? this is what we concern. i always believe on this project, but we should really question what happened. we trade with our monry, not leaf. #writetoearn
#BTC i feel like btc will going to drop again, the market is not on a good condition rn. even a little dump such 2-3% for btc can be a big dump for alt. so far i've accumulate btc from 25k-27k area from september. so i decided to sell it all at current rate 70k, a half of that sold at 71k last week. ( i still have btc from 2020 crash but it's not for trading purpose but more of an investment for a very longterm ). for now i am really expecting a dump from btc. so i decided for now i'm out of market and will only buy and short after alt dump more than 10% for a short term profit. ( buy and quickly sell at bounce ) the risk / reward ratio is not worth it in current rate. it feels like dead cat bounce at best.
#altcoin in general will have a massive correction. i know for some altcoin they don't even pump yet. but the world is harsh, not everything will be going as we wish. all the altcoin movement follow bitcoin. a bitcoin crash from here (71k) means most alt will follow btc's movement. play safe, manage your reward/risk ratio. and don't forget to secure your profit. for me personally if i profit 200% but then i lose 20% of my profit, it's still a lose.
#BTC market in general looks like it's ready for a deep pullback. we are at $15k in early 2023 and now it's $71k. i won't be surprised if we retrace to 50k or even 40k to make another start for a new height. so overall for short term i'm bearish but always bullish on longterm on bitcoin.
EDIT. MARKET is bleeding as i predicted before. so to those whose say i'm dreaming. goodluck seeing your portfolio crash ๐
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