I persoanlly believe we will still see more SERIOUS downside yet to come. My opinion. LOOK at the indicators. LOOK at the Heikin-Ashi candles as well.
Your best bet is to sell all your alt coins at the moment to ultimately get them back into USD, EUR, CNY, whatever currency it is your trade BTC in.
So what if your alt coin goes up in value when BTC drops in US Dollars. All other Alt Coins SOLD IN US Dollars will fall as well. LOOK AT ALL THE RED on the alt coins traded in USD. That's what C.G. wants. He could care less about a crypto currency. It's just a tool to get more USD. Yes, he hoards some for cold storage. But still, his ultimate goal is the green back in the immediate, medium and long term.
IF you are fortunate enough to gain more BTC's with your ALT COIN trades, the BTC's you accumulated will be WORTH LESS. You will be forced to hold the BTC bag a while before regaining what was lost in USD along the way.
Your best bet is sell your coins for USD; wait for the bottom to confirm and buy back in to accumulate your BTC's that way.
Those of you wanting XMR or holding XMR, buy cheap! Period.
Here is a very important rule: ANY TIME BTC IS BEARISH, TRADE only coins in USD. Be prepared to dump them for USD when BTC dumps in USD. WHY? Cause you will be able to buy BTC or the other coins also traded in USD cheaper after they have dumped. .
IF BTC is BULLISH, ONLY BUY COINS THAT ARE BULLISH WITH BTC. Otherwise, you will be left holding the bag and you will be short in US Dollars (FIAT). If your goal is to accumulate (hold the bag), fine. Nothing wrong with that if it's a legit coin. Such as XMR.
One could have bought XMR when it was bullish at the same time BTC was bullish. THEN get ready to dump your XMR for USD because that's what Composite Group wants. If you do not dump your XMR for USD at the right time, you will be at a loss in USD. If you would have sold your XMR for USD near the top, you could have accumulated more XMR at the bottom and probably accumulated some along the way when shorting on the way down.
BOTTOM LINE, IT IS A LOSING BATTLE to accumulate alt coins if BTC is bearish unless you intend to hold those alt coins for the long term when and/or if they increase in value. IF BTC is BULLISH, BUY ONLY the alt coins that are bullish with it. I guarantee you what is bullish with it will also be traded in USD. WHY? Cause that is what Composite Group wants... USD.
IF BTC is Bearish, you are better off trading only coins in USD. Which means you are shorting them on the way down. You will accumulate more that way and be better off in USD Capital and be better prepared to buy those alt coins cheaper in USD once they've found bottom.
That was my two cents. I don't know if I got my point across well enough or not. IF YOU JUST REMEMBER THE COMPOSITE MAN ULTIMATELY WANT USD WHEN BTC GOES BEARISH, YOU WILL BE BETTER OFF. AND ALSO REMEMBER HE ACCUMULATES BTC AND OTHER WORTH WHILE ALT COINS TO ULTIMATELY PUMP THEM TO ACCUMULATE MORE USD IN THE END.
Your best bet is to sell all your alt coins at the moment to ultimately get them back into USD, EUR, CNY, whatever currency it is your trade BTC in.
So what if your alt coin goes up in value when BTC drops in US Dollars. All other Alt Coins SOLD IN US Dollars will fall as well. LOOK AT ALL THE RED on the alt coins traded in USD. That's what C.G. wants. He could care less about a crypto currency. It's just a tool to get more USD. Yes, he hoards some for cold storage. But still, his ultimate goal is the green back in the immediate, medium and long term.
IF you are fortunate enough to gain more BTC's with your ALT COIN trades, the BTC's you accumulated will be WORTH LESS. You will be forced to hold the BTC bag a while before regaining what was lost in USD along the way.
Your best bet is sell your coins for USD; wait for the bottom to confirm and buy back in to accumulate your BTC's that way.
Those of you wanting XMR or holding XMR, buy cheap! Period.
Here is a very important rule: ANY TIME BTC IS BEARISH, TRADE only coins in USD. Be prepared to dump them for USD when BTC dumps in USD. WHY? Cause you will be able to buy BTC or the other coins also traded in USD cheaper after they have dumped. .
IF BTC is BULLISH, ONLY BUY COINS THAT ARE BULLISH WITH BTC. Otherwise, you will be left holding the bag and you will be short in US Dollars (FIAT). If your goal is to accumulate (hold the bag), fine. Nothing wrong with that if it's a legit coin. Such as XMR.
One could have bought XMR when it was bullish at the same time BTC was bullish. THEN get ready to dump your XMR for USD because that's what Composite Group wants. If you do not dump your XMR for USD at the right time, you will be at a loss in USD. If you would have sold your XMR for USD near the top, you could have accumulated more XMR at the bottom and probably accumulated some along the way when shorting on the way down.
BOTTOM LINE, IT IS A LOSING BATTLE to accumulate alt coins if BTC is bearish unless you intend to hold those alt coins for the long term when and/or if they increase in value. IF BTC is BULLISH, BUY ONLY the alt coins that are bullish with it. I guarantee you what is bullish with it will also be traded in USD. WHY? Cause that is what Composite Group wants... USD.
IF BTC is Bearish, you are better off trading only coins in USD. Which means you are shorting them on the way down. You will accumulate more that way and be better off in USD Capital and be better prepared to buy those alt coins cheaper in USD once they've found bottom.
That was my two cents. I don't know if I got my point across well enough or not. IF YOU JUST REMEMBER THE COMPOSITE MAN ULTIMATELY WANT USD WHEN BTC GOES BEARISH, YOU WILL BE BETTER OFF. AND ALSO REMEMBER HE ACCUMULATES BTC AND OTHER WORTH WHILE ALT COINS TO ULTIMATELY PUMP THEM TO ACCUMULATE MORE USD IN THE END.
Comment:
I will be turning most of my focus towards trading currency pairs. I will still trade some crypto but only the ones I consider worth trading . I explained above why it's not worth trading the smaller coins. Especially, if they are not traded in USD.
Yes, your smaller crypto coin may go up in BTC value WHEN THE VALUE OF BTC GOES DOWN IN US DOLLARS. Yes, you have accumulated more bitcoin. However, you would currently be down in US Dollar capital and have to hold the BTC bag for a while before your US Dollar capital will increase.
I'm still very supportive of crypto. Especially, XMR and BTC. XMR is my favorite!!! I will still accumulate those when the price is low and MAYBE sell some when the price is high. However, I will be looking at XMR and BTC more as a means of STORING WEALTH (Savings) and make my main focus for immediate capital gains with currency pairs on FX exchanges.
I will occasionally provide a chart analysis of the way I feel XMR, BTC and/or DASH will go in a particular week and/or month. However, I will no longer post updates on what those coins may do from day to day. I've found where I need to focus my energy. FX pairs...
If this has disappointed some, I'm sorry. I have come to find I would rather have a life for once than babysit crypto all the time 24/7/365. Just not worth my time and effort to have lost 30 pounds, lost sleep and most importantly... LOST TIME with my wife and 5 year old son.
Cheers crypto traders and Happy Trading.
Yes, your smaller crypto coin may go up in BTC value WHEN THE VALUE OF BTC GOES DOWN IN US DOLLARS. Yes, you have accumulated more bitcoin. However, you would currently be down in US Dollar capital and have to hold the BTC bag for a while before your US Dollar capital will increase.
I'm still very supportive of crypto. Especially, XMR and BTC. XMR is my favorite!!! I will still accumulate those when the price is low and MAYBE sell some when the price is high. However, I will be looking at XMR and BTC more as a means of STORING WEALTH (Savings) and make my main focus for immediate capital gains with currency pairs on FX exchanges.
I will occasionally provide a chart analysis of the way I feel XMR, BTC and/or DASH will go in a particular week and/or month. However, I will no longer post updates on what those coins may do from day to day. I've found where I need to focus my energy. FX pairs...
If this has disappointed some, I'm sorry. I have come to find I would rather have a life for once than babysit crypto all the time 24/7/365. Just not worth my time and effort to have lost 30 pounds, lost sleep and most importantly... LOST TIME with my wife and 5 year old son.
Cheers crypto traders and Happy Trading.
Comment:
It's looking like they allowed a time for calm to get more orders on the books and allow it to go up slowly to possibly have a go at more premium profits again with BTC to accumulate more USD. I would not be surprised if they make their moves on ETH and DASH while allowing BTCUSD to calm down and lure buyers back in to fill the order books as it slowly rises to have another go at more premium profits.
Keep in mind, they got more USD from dumping XMR (Monero). They can get more from dumping ETH and DASH. That USD can be redistributed to BTCUSD to provide momentum pushes to create FOMO. If it slows down, another momentum push until it slows down again.
Keep in mind, they got more USD from dumping XMR (Monero). They can get more from dumping ETH and DASH. That USD can be redistributed to BTCUSD to provide momentum pushes to create FOMO. If it slows down, another momentum push until it slows down again.
Comment:
The USD accumulated from Dumping XMR, ETH and DASH helps them avoid having to use as much of the big USD profits they have made already from dumping BTC.
Comment:
All the USD earned from dumping BTC is monstrous compared to the USD earned from dumping XMR, ETH, and DASH. So, those three coins will not require them to spend near as much of their profits when they want to accumulate those three to wash, rinse and repeat again.
You can also bet they keep up with how many coins they bought at which price levels of each and every coin; including BTC for when they wash, rinse and repeat.
You can also bet they keep up with how many coins they bought at which price levels of each and every coin; including BTC for when they wash, rinse and repeat.
Comment:
12h Heikin-Ashi (HA) is indicating a reversal to the downside.
Comment:
Same with 6h HA. However, BB is tightening up and MACD still indicates more "potential" for upside. Hence, not going solely off of Heikin-Ashi. Good to weigh all indicators and what they are telling you.
Comment:
My analysis would conclude a little bit more upside but not very much. Things could change though over the next 6 to 24 hours.
NOW, I'm going to sleep. hehe
Cheers.
NOW, I'm going to sleep. hehe
Cheers.
I CAN NOT CONTINUE LIKE THIS. There is a time a man MUST GET SOME SLEEP.