Charles Edwards' altcoin analysis sugggests the start of this cycle"has played out like a textbook" but traders will need an altcoin exit strategy.Crypto on-chain analyst Charles Edwards, the co-founder of the digital assets hedge fund Capriole Investments, believes now is the perfect time to get “some allocation” into altcoins.
But Edwards plays devil’s advocate with his own prediction, noting that things “could be different” this cycle due to the United States Securities and Exchange Commission approving spot Bitcoin ETFs at the start of this year. It’s possible there won’t be an altseason. “This was just writing a lot of articles and trying to share as much research as I could and Bitcoin-related strategies on Medium, TradingView and Twitter,” he adds.
“Zooming out the next 365 days minus a few days, the halving is usually the best risk-reward period for Bitcoin in terms of you usually get strong positive trends with very limited drawdowns,” he explains.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »