#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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After ten years of Cryptocurrency Trading, I invested 100,000 and angrily earned 5 million, then suffered a huge loss of 5 million to now angrily earning 12 million. Looking at the current crypto world, I, Lao Jiu, can't stand seeing others lose money. Today, I, Lao Jiu, have decided to publicly share the experiences I have summarized over the years. I will explain how I have survived in this market and how I have managed to stay undefeated. At the very least, I can help you avoid years of detours, and what you learn can directly turn your losses into victories! 👇
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💎In terms of volume: The saying goes, before the troops move, the supplies must be in place. The formation of an early trend makes volume an essential element, especially the first increase in volume after a period of sideways movement, which should be closely monitored. This is not the best entry point; after the first increase in volume, there will definitely be a pullback. When the second increase in volume occurs, that is our best entry opportunity!
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💎Price aspect: You must pay attention to the closing price, the fluctuations during the process are not important. If the closing can be stable, it indicates that the main force is really going to take action. The summary from Lao Jiu on how to distinguish between a true and false pump is that if the closing can be above the resistance level, then the probability of a breakout is very high!
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💎Entry time: Before the breakout, it is best if the coin price has already experienced a long period of sideways consolidation, the longer the better. The chip accumulation area should ideally be less than 10% fluctuation. Once the main force completes a large amount of accumulation, it will surely take a devilish step forward without looking back!
💎Regarding resistance levels: It's essential to identify previous resistance levels. For instance, during a prior decline, if there was support in that range and it stayed there long enough, then that position becomes a resistance level for an upward movement. Normally, when at a critical resistance level, the first direct breakthrough can generally be identified as a false breakout. At this point, it’s advisable to exit and wait for a minor pullback before re-entering!
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💎 If you haven't learned yet, you only have two choices now:
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