Buying more Alts — 1st Aug
I’ve increased my Alt coin exposure over the last 2 days. Now I didn’t actually think anyone was reading these, but there were actually a couple reads on the last one, were they just me on my phone? who knows… but from now on I’ll make sure I update you guys the exact moment I make any changes to the portfolio. That’ll probably mean more frequent but smaller blogs.
Here are the changes:
BEFORE
AFTER
Here were the entries:
The charts are against their BTC pairs, because we’re already 100% in the market, our focus is to increase BTC value.
Next Steps
BTC has continued to climb and as you can see Alts have started to follow. I would like to increase my Alt exposure some more on pull backs over the coming days especially in SOL since it’s the strongest but only if we get a great opportunity,
At some point bitcoin will dump and bring everything down, The Fear/Greed index has moved into the Greed reading
As mentioned in the last blog this is a counter-indicator. Since we already have a good foot in the market now is NOT the time to get greedy. We will stay vigilant and when retail starts to become super bullish then we might reduce our exposer.
Updates soon,
Yao
