With the decline of bitcoin, I will make purchases in the area of $4700+- on the rebound in the area of $6000 +- With the growth and breakdown of the top, I will also look for purchases... Only without margin...
As you can see alt coins vs BTC got dumped 4 days ago. This means people jump back to BTC, make dominance goes up and then dump BTc at 10K. This pattern repeats over and over.
- Use BTC buy alt coins as it is low
- Dump alt coins and buy/earn more BTC
- Sell BTC
If you look at Bitcoin with the 200 Weekly MA you can see that every time Bitcoin touches the 200 Weekly MA its the bottom of the bear market. If we break 5k (which will be the 200 Weekly MA) we could be seeing 1-2k Bitcoin.
I think big miners are trying to dump the price of Bitcoin to make smaller Bitcoin miners unprofitable. So they could own a monopoly of the mining sector. Also, Bitcoin is on a 2 year bear market. This time round to shake out all the weak hands before next run.
- Use BTC buy alt coins as it is low
- Dump alt coins and buy/earn more BTC
- Sell BTC