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RE: ZEN Cash, The "ZEN" of Wealth New Target is $32.70 (69% Profit Potential)
I am missing understanding how the alts are not inversely correlated to btc. You also mention this in this post. Would you give your opinion?
What do you invest in with your btc when it is topping? How do hedge the (down) volatility out of your crypto portfolio to maximize gains?
Cash. Usd. Or bitUSD. To hedge a btc top.
Bitcoin and Altcoins have undergo phasic and non-phasic cycles with each other. It's like when looking at two cars in front both with their left blinkers on. The blinking are out of sync at first and soon they come into sync. Or non-phasic to phasic.
Altcoins and Bitcoins are similar.
Now, in times when Bitcoin crashes, Alts will not be spared. There is no true inverse altcoin to bitcoin.
I go to bitUSD or FIAT during such big corrections.
I don't really hedge the cryptos as there are no real inverse instruments.
I maximize gains by buying at the terminal ends of a,b,c corrections and selling on fifthe waves. Please review my tutorial explaining these:
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder
https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition