2024

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<a href="https://twitter.com/bbands/status/1810714986114859330?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1810714986114859330%7Ctwgr%5Eb3abdb08b7ec8a6fc29ae40a864d5a3e996657ac%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2Fbbands%2Fstatus%2F1810714986114859330">John Bollinger</a>, the famous trader and creator of the Bollinger Bands indicator, has provided important investing and portfolio management advice on his social media. Thus, addressing his audience, the trader emphasized the importance of not including “cruft” assets in portfolios, arguing that this approach would ensure effective management of the remaining investments.
This piece of advice is consistent with Walter Diemer's strategy, which focuses on identifying what to give up rather than what to gain.
Bollinger's wisdom today is especially relevant in current market, which is saturated with a huge number of financial instruments. And especially in the cryptocurrency one, given its state. There are currently more than 2.4 million different crypto assets with a total market capitalization of $2.14 trillion.&nbsp;
Given this, and the fact that the sheer number of assets can be overwhelming for investors, Bollinger's advice on optimizing portfolios can be very relevant.
<h2 id="bollinger-on-bitcoin">Bollinger on Bitcoin</h2>
Bollinger also frequently shares his views on <a href="https://u.today/bitcoin-miners-are-capitulating-but-theres-silver-lining">Bitcoin price</a> movements, offering up-to-date analysis that is closely followed by many traders and investors.
<blockquote>
 Portfolio management: Out with the cruft! The rest will take care of themselves.— John Bollinger (@bbands) <a href="https://twitter.com/bbands/status/1810714986114859330?ref_src=twsrc%5Etfw">July 9, 2024</a>
</blockquote> 
In his latest analysis, the trader predicted further consolidation of the major cryptocurrency following the reversal of two candles on the lower Bollinger band. This prediction came true as <a href="https://u.today/satoshi-era-wallets-keep-returning-from-dormancy-and-its-highly-unusual">Bitcoin</a> initially turned around and rose 4.73%.&nbsp;
However, shortly after this, there was a significant drop in the price of the main cryptocurrency, which fell by 16.21% from $64,000 to $53,500 per <a href="https://u.today/germany-halfway-through-selling-btc-reserves-data-shows">BTC</a>.

Legendary Bitcoin Trader John Bollinger Shares Crucial Portfolio Tip

Table of Contents

U_Today

Andre artikler udgivet 10. jul. 2024

Coinbase’s Stand With Crypto initiative to launch in Canada

Shiba Shootout Challenges Top Cryptos $DOGE and $SHIB for Market Leadership

Hot Vs. Cold Wallets: Key Differences, And Why It’s Important To Own A Cold Wallet

Ethereum Mega Whale Holds $120 Million In Shiba Inu And This Bitcoin ETF Token

Ripple’s XRP Shows Promising Signs of a Strong Comeback

Crypto in Peril, U.S. House Expected to Uphold Biden Veto Preserving SEC Accounting Rule

Join our free newsletter for daily crypto updates!