Hello everyone
I'm back with some more technical analysis. Remember that this isn't an exact science, hope you guys think it's helpful, let's get straight into this.
Is there ever a safe moment to invest in Crypto? Not really but if you want a 'stable' coin in your portfolio, BTC it is. BTC is the most stable coin at this moment. The BTC-dominance is going up when the markets are going down, and BTC-dominance is going down if markets are going up. That means that BTC volatility is relatively low in comparison with the other coins.
You can see on the charts that the difference between the lows and highs in this markets are going down. We saw a price-difference of 14K in December, 5.2K in February/March and 3.3K in may. So we can conclude that this market is getting 'safer' because of the volatility.
How am I going to trade?
So as you guys know I bought in at 7.4K, my next buy moment is going to be at 7.04K. That's just above the 7K mark and that has everything to do with the order book. If you go on GDAX, BITTREX or any other platform, you can see that there are many orders on the 7K mark because people always choose an even number.
You can also clearly see that the lowest price-moments are always getting higher, in Dec we've hit 5.8K, in Feb 6.3K an in may was our lowest 6.5K. The only problem I see at the moment is that there is not enough liquidity at the moment, not enough new money is coming in. A problem that will be solved as soon we're going to see ETF's and other financial instruments from the big institutions.
Remember guys, always be greedy when everyone is fearful.
comments are always well appreciated, let me know what you think!
I'm back with some more technical analysis. Remember that this isn't an exact science, hope you guys think it's helpful, let's get straight into this.
Is there ever a safe moment to invest in Crypto? Not really but if you want a 'stable' coin in your portfolio, BTC it is. BTC is the most stable coin at this moment. The BTC-dominance is going up when the markets are going down, and BTC-dominance is going down if markets are going up. That means that BTC volatility is relatively low in comparison with the other coins.
You can see on the charts that the difference between the lows and highs in this markets are going down. We saw a price-difference of 14K in December, 5.2K in February/March and 3.3K in may. So we can conclude that this market is getting 'safer' because of the volatility.
How am I going to trade?
So as you guys know I bought in at 7.4K, my next buy moment is going to be at 7.04K. That's just above the 7K mark and that has everything to do with the order book. If you go on GDAX, BITTREX or any other platform, you can see that there are many orders on the 7K mark because people always choose an even number.
You can also clearly see that the lowest price-moments are always getting higher, in Dec we've hit 5.8K, in Feb 6.3K an in may was our lowest 6.5K. The only problem I see at the moment is that there is not enough liquidity at the moment, not enough new money is coming in. A problem that will be solved as soon we're going to see ETF's and other financial instruments from the big institutions.
Remember guys, always be greedy when everyone is fearful.
comments are always well appreciated, let me know what you think!