BAT/ETH is one of the duos where I feel I can earn just a little extra from, when the Altcoin Season Arbitrage hits. Reason being, is that it feels like we now have 3 separate tiers of coins to sell into, ETH / BTC was the original, which I will still take advantage of. Then we have coins like LINK/ETH and BAT/ETH all available on Coinbase Pro.
The Alts SHOULD bottom out very soon, which can be seen in many charts just like BAT/ETH.
I know the chart looks like crap, and you might be wondering why would anyone ever make this trade...
Well, this is a classic example of what needs to be done, to buy low. I've made the personal assessment for myself, that I don't think Alts will go too much lower from here. I have found a 4 year low that it matches, and a couple coins ae already down at these lows which they haven't seen since November 2017.
So the point is, Buy Low Sell High, right?
Most people would rather wait on a trade like this, for the validation that the trade is a good one, by the chart itself going up. So in essence, they are waiting for the price to be high, to buy in. This is a behavior we have to consciously talk ourselves out of, it's something we have been trained to do. I have seen it too many times in many others, and myself. It surprised me, that something as common-sense as buy low sell high, would go against every intuition we had when it came down to the trade.
So, lets focus on fundamentals, let's practice ridding ourselves of needless emotion, let's set our goals of what we hope to gain ahead of time (thus leading to less mistakes, and less ambivalence in the market), let's keep striving towards understanding these markets better!
-I live by these, and am always focused on better understanding the markets.
If you'd like an example, I created an App which is live (app.trillpanda.com) - that helps track where Bitcoin is at in its life cycle, and will hopefully help prevent people from missing the peak this time. (2017 was hard). My gut feeling: The peak won't be in 2021 or 2022. We got some time to kill. (plus, I found a correlation in one of the charts on my app, of the time between cycles increasing by 1.6x).
I also found a calculation of BTC price, which I was able to chart with Python, which put us on course for a peak around Jan, 2024. Both the calculation, and the increase in length support eachother, as they point towards the same timeframe.
I'm not positive, but it's been fun speculating, and I'm personally growing while attempting to help others better understand the cryptocurrency market.
The Alts SHOULD bottom out very soon, which can be seen in many charts just like BAT/ETH.
I know the chart looks like crap, and you might be wondering why would anyone ever make this trade...
Well, this is a classic example of what needs to be done, to buy low. I've made the personal assessment for myself, that I don't think Alts will go too much lower from here. I have found a 4 year low that it matches, and a couple coins ae already down at these lows which they haven't seen since November 2017.
So the point is, Buy Low Sell High, right?
Most people would rather wait on a trade like this, for the validation that the trade is a good one, by the chart itself going up. So in essence, they are waiting for the price to be high, to buy in. This is a behavior we have to consciously talk ourselves out of, it's something we have been trained to do. I have seen it too many times in many others, and myself. It surprised me, that something as common-sense as buy low sell high, would go against every intuition we had when it came down to the trade.
So, lets focus on fundamentals, let's practice ridding ourselves of needless emotion, let's set our goals of what we hope to gain ahead of time (thus leading to less mistakes, and less ambivalence in the market), let's keep striving towards understanding these markets better!
-I live by these, and am always focused on better understanding the markets.
If you'd like an example, I created an App which is live (app.trillpanda.com) - that helps track where Bitcoin is at in its life cycle, and will hopefully help prevent people from missing the peak this time. (2017 was hard). My gut feeling: The peak won't be in 2021 or 2022. We got some time to kill. (plus, I found a correlation in one of the charts on my app, of the time between cycles increasing by 1.6x).
I also found a calculation of BTC price, which I was able to chart with Python, which put us on course for a peak around Jan, 2024. Both the calculation, and the increase in length support eachother, as they point towards the same timeframe.
I'm not positive, but it's been fun speculating, and I'm personally growing while attempting to help others better understand the cryptocurrency market.
Comment:
BAT decided to LAUNCH on Eth right after I posted this.
(well see if continues)