Let's start with this; Why do I seem to be ok with BTC going down if I do not short BTC? Because after every parabolic move comes a big drop, the bigger the drop the bigger the next parabolic move. The best thing to do is to catch it near or around the bottom. Why is that? Simple, you'll triple or quadruple your money. As you can see it will be highly beneficial to see BTC go further down.
This is a very predictable cycle and the crazy thing is that all you have to do is learn minimal TA, be patient and wait until the obvious bottom is formed. What typically makes you NOT buy the bottom? When you listen to flawed TA, typically the analyst says "We are going to 2K" or BTC is dead and we're going to $600, which makes you avoid buying at an obvious low point. I heard this last time and as I was loading up at around 3K most new traders were waiting for 2K or $600. The truth is that no one knows where we are going, BTC is manipulated by the very exchanges where you trade and they are incentivized by a different motive, but they do stick to a certain set of rules and we can look for the entry points that we know they are likely to use as a bottom according to those rules. If you manage to control your urge to put your money in at some random entry point you can get into the tempo of buying the beginning of the parabolic move and sell towards the top. That alone will consistently at the very least double your money and at one point you can make a living.
As far as what we see on the chart above; The Green X which is "The optimal buy zone" would be a good place to commit some more capital, it is a logical place from where to take off, but we could try to go lower to entice even more buyers, which is why I would only advise using only a percentage. I see the $6500 area developing as a very strong entry area as well.
I will teach my system which starts with you trading a small amount and learn how to double it. Once you understand it very well you can trade a larger amount. For now, your job is to protect your money, it's hard enough to make it, don't give it away.
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.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines 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, we have not made a new higher high
THE OUTLOOK: Expected to go down, unexpected if it goes up.
This is a very predictable cycle and the crazy thing is that all you have to do is learn minimal TA, be patient and wait until the obvious bottom is formed. What typically makes you NOT buy the bottom? When you listen to flawed TA, typically the analyst says "We are going to 2K" or BTC is dead and we're going to $600, which makes you avoid buying at an obvious low point. I heard this last time and as I was loading up at around 3K most new traders were waiting for 2K or $600. The truth is that no one knows where we are going, BTC is manipulated by the very exchanges where you trade and they are incentivized by a different motive, but they do stick to a certain set of rules and we can look for the entry points that we know they are likely to use as a bottom according to those rules. If you manage to control your urge to put your money in at some random entry point you can get into the tempo of buying the beginning of the parabolic move and sell towards the top. That alone will consistently at the very least double your money and at one point you can make a living.
As far as what we see on the chart above; The Green X which is "The optimal buy zone" would be a good place to commit some more capital, it is a logical place from where to take off, but we could try to go lower to entice even more buyers, which is why I would only advise using only a percentage. I see the $6500 area developing as a very strong entry area as well.
I will teach my system which starts with you trading a small amount and learn how to double it. Once you understand it very well you can trade a larger amount. For now, your job is to protect your money, it's hard enough to make it, don't give it away.
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.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines 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, we have not made a new higher high
THE OUTLOOK: Expected to go down, unexpected if it goes up.
Comment:
The possibility to go to 7K is now there again. The few high performing Alts that we have interest in are becoming perfect to buy.
