The Crypto Analyst and Trader Who Turned Bitcoin (BTC) Bullish at the Bottom is Making a Major Portfolio Adjustment.
The pseudonymous DonAlt tells his 463,000 Twitter followers that he’s profiting a good chunk of what he has.
DonAlt bought BTC, Litecoin (LTC) and XRP in November. This was as the dust from the FTX collapse began to settle and the bad news seemed to stop affecting the market.
His LTC and BTC Possession XRP remains relatively stagnant, but has been torn apart.
Given that both monthly and weekly BTC were closed at resistance, we cut oversized positions by up to 50% overnight to secure profits.
Since the original post, these positions are:
BTC up 60%
LTC 60% up
XRP 10% up
Don Alt expect BTC and altcoins will retrace over the next 1-3 months, with BTC dropping to the $20,000s.
At that point, he plans to re-enter the market, expecting BTC to resume its uptrend in 2023.
If Bitcoin does not return and continues to rise from its current price of $24,009, traders To tell He considers an additional profit in the $30,000 range.
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