Bitcoin - This is the bottom line - Must Read!
I will be very honest and show you my cards and what I'm hoping for. I will do very well next year if BTC goes from here to 20K or above, but I will do exceptionally well if we hit the $4800 area, why? Because at that point I would have 100% of my working capital in, and BTC is showing signs of storing all kinds of energy for the next move, meaning we may go north of 20K. If you have been following along you are 55% to 65% in as well. This next bull run is guaranteed to -- at the very least -- double your money if you have an Alts heavy portfolio. One thing you have to remember about my trading style is that for it to be profitable you must have patience. If this is the bottom, BTC may start ranging along that green line for days maybe even weeks but eventually we'll have a big parabolic move up and the good times will start. Our best-case scenario for 2020 is that we meltdown to $4800, at which point most good, worthwhile Alts would be dirt cheap. If you load up -- as I plan to do -- and do position trading, which means you hold your coin until it hits your exit point you should do very well in 2020 and even better if you hold beyond 2020.
Example: If you buy LTC at $20 (let's use a random amount) using 5K you will then have 250 LTC and if you wait until it hits $200 you will end up with 50K. This is a very realistic scenario for 2020. This is the type of move I am waiting for, if this does not happen you will still get a couple of chances to make good money with 2 or 3 trades next year. Let me be clear; Only commit an amount you can afford to lose, I'm not telling you to put 5K in, the above is just an example of what I have been doing with Crypto.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
Example: If you buy LTC at $20 (let's use a random amount) using 5K you will then have 250 LTC and if you wait until it hits $200 you will end up with 50K. This is a very realistic scenario for 2020. This is the type of move I am waiting for, if this does not happen you will still get a couple of chances to make good money with 2 or 3 trades next year. Let me be clear; Only commit an amount you can afford to lose, I'm not telling you to put 5K in, the above is just an example of what I have been doing with Crypto.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of paying me for my time.
NOW, THE LEGEND;
Support trend lines are green
Resistance trend lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down but finding stability
THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
Comment:
Another perspective, this is the 4H timeframe. You can see that we are now running down the old resistance line which has turned into support now. It is important to remember that BTC could simply be retesting the bottom and not going down further.
