Legendary Bitcoin Trader John Bollinger Shares Crucial Portfolio Advice

Gamza Khanzadaev

Bitcoin expert John Bollinger advises investors to focus on trimming portfolio fat

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John BollingerThe famous trader and creator of the Bollinger Bands indicator, has been providing important investment and portfolio management advice on his social media. Thus, addressing his audience, the trader stressed the importance of not including “cruft” assets in portfolios, arguing that this approach would ensure effective management of the remaining investments.

This advice is consistent with Walter Diemer’s strategy, which focuses on identifying what you can give up rather than what you can gain.

Bollinger’s wisdom is especially relevant today in the current market, which is saturated with a huge number of financial instruments. And especially in the cryptocurrency market, given its state. There are currently more than 2.4 million different cryptocurrencies with a total market capitalization of $2.14 trillion.

Given all this and the fact that the sheer number of assets can be overwhelming for investors, Bollinger’s advice on portfolio optimization can prove very pertinent.

Bollinger on Bitcoin

Bollinger also often shares his views on Bitcoin Price movements, offering up-to-date analysis and closely followed by many traders and investors.

In his latest analysis, the trader predicted further consolidation of the leading cryptocurrency following the reversal of two candles on the lower Bollinger Band. This prediction came true as Bitcoin It initially reversed and increased by 4.73%.

However, shortly thereafter, there was a significant drop in the price of the leading cryptocurrency, which fell by 16.21% from $64,000 to $53,500 in a year. BTC.

About the author

Gamza Khanzadaev

Financial analyst, trader and cryptocurrency enthusiast.

Gamza graduated with a degree in finance and credit with a focus on securities and financial derivatives. He then completed a master’s degree in banking and asset management.

He wants to contribute to the discussion of economic and fintech topics, as well as inform more people about cryptocurrencies and blockchain.

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