WARNING: ALTCOIN BLOODBATH!! My Bitcoin and Crypto strategy
Altcoin Capitulation and Market Strategy
The speaker discusses the recent altcoin capitulation and how they have been approaching the market over the last several months.
Massive Altcoin Drops
- BNB, XRP, Cardano, Solana, and Polygon all experienced massive drops.
- Two ways to look at what happened: coordinated dump or liquidity drying up.
- Lawsuits against Binance and Coinbase may have surprised the crypto public.
Potential Future Market Movements
- Trader XO predicts an 85% retrace which would bring prices back to early 2018 levels.
- Regulatory wave and macro wave give reason to be cautious.
- Accumulating little by little according to a plan is recommended.
Personal Market Strategy
- Slowly deploying small percentages of portfolio at any given price target due to macro environment uncertainty.
- Willingness to buy dips with sideline capital in case of new low prices.
- Plan makes it easier when seeing unprecedented capitulation like on Friday.
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