Okay, the sky is falling and crypto is coming to an end...
Okay, now that we have removed the panic out of our system lets focus on real investing. Now, to begin with Crypto is something I would not build a portfolio around. Its too new and far too risky. Now, if you're around my age (early 30's) or younger and can afford a larger risk appetite then having a higher percentage of Crypto is an option; however, if you're closer to retirement age it is ill-advised to add crypto to your portfolio; because, its just too new, no market rules have been established, and far too volatile. Treat Crypto as a speculative "asset" and do not mix the two and that's advice from the Oracle of Omaha himself. Now CVC is not as popular as BTC (Bitcoin) or others but whatever.
Here we have a solid ABCD pattern on the 4H timeframe. If you're a buy and hold investor then this "asset" is at a perfect price to get in and ride the wave up. if you're a day trader then this is at a pretty decent price to ride to the Take Profit level. So, if you were waiting for the right time to get a crypto at a bargain price now is the time to do so. The ABCD pattern is the very essence of Buy low Sell high. If Price Creates a W pattern in the extreme areas of the oscillators then that's your trigger to get in. (RSI should work too) I wish everyone happy trading! :)
Okay, now that we have removed the panic out of our system lets focus on real investing. Now, to begin with Crypto is something I would not build a portfolio around. Its too new and far too risky. Now, if you're around my age (early 30's) or younger and can afford a larger risk appetite then having a higher percentage of Crypto is an option; however, if you're closer to retirement age it is ill-advised to add crypto to your portfolio; because, its just too new, no market rules have been established, and far too volatile. Treat Crypto as a speculative "asset" and do not mix the two and that's advice from the Oracle of Omaha himself. Now CVC is not as popular as BTC (Bitcoin) or others but whatever.
Here we have a solid ABCD pattern on the 4H timeframe. If you're a buy and hold investor then this "asset" is at a perfect price to get in and ride the wave up. if you're a day trader then this is at a pretty decent price to ride to the Take Profit level. So, if you were waiting for the right time to get a crypto at a bargain price now is the time to do so. The ABCD pattern is the very essence of Buy low Sell high. If Price Creates a W pattern in the extreme areas of the oscillators then that's your trigger to get in. (RSI should work too) I wish everyone happy trading! :)