Need help! So I've been foolish the last few days and traded some BTS for BTC. I bought 2k (BTS) at 94,000 and then in order to avg price cost my way down bought another 2k at 64,000. Leaving me at avg cost 79,000. Right now it's around 54,000. Will BTS-BTC see this again or should I cut my losses?
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BTS/BTC is lagging the BTS/USD. Using the BTS/USD as the leading indicator. In other words, BTS/BTC shoudl follow.
First off thank you very much for the response. I love your work and upvote whenever possible. So the way I'm interpreting this, in the last day or so BTC/USD dropped 6-7% and regained plus so BTS/BTC in the process of that 6-7% drop and should regain accordingly. Which if I'm understanding this correctly may have it correct back to 70,000 and then I just need to pay attention on what BTC/USD does from there. If BTC goes to 20,000+, then I should be ok otherwise I may need to look to minimize my loss as much as possible. Do I have that right?