Increase position in SC
Updated
I have discussed in my previous post my position of SC: tradingview.com/chart/SCBTC/t8EYOvw8-SC-Targeting-0-00000804/. However, the bull market stopped at 1.414 before correcting. This was mainly due to the fact that BTC has reached new high and many traders were buying BTC by selling SC. This allowed for some of us to increase their position in SC/BTC and for all holders to increase the target price.
Why don't you sell your SC? For the simple reason that the intrinsic value didn't change and it merits a higher price from the current one. Also BTC will be soon less interesting at the price 3001.87$. So instead of trying to catch a bull movement that is near to it's end, I prefere to increase my position of SC which is affordable to a more interesting price.
So this time, I have set up a more carefull strategy where I'll sell my holdings using three levels : 40% of my cap at 1.272 (0.00000803), 50% at 1.414 (0.00000841) and the remaining at 1.618 (0.00000891).
What after the sell? I will wait for the correction to enter another time (a 50% of the new high will do the job)
Why don't you sell your SC? For the simple reason that the intrinsic value didn't change and it merits a higher price from the current one. Also BTC will be soon less interesting at the price 3001.87$. So instead of trying to catch a bull movement that is near to it's end, I prefere to increase my position of SC which is affordable to a more interesting price.
So this time, I have set up a more carefull strategy where I'll sell my holdings using three levels : 40% of my cap at 1.272 (0.00000803), 50% at 1.414 (0.00000841) and the remaining at 1.618 (0.00000891).
What after the sell? I will wait for the correction to enter another time (a 50% of the new high will do the job)
Note
Another reason to buy SC now at the price of market is the demo of minebox that will be presented today at the event HPediscover.
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