Let's get started.
We have to admit that market sentiment is changing and it is changing fast. We have bears turning bulls, neutrals going , shorts crashing by 40%+ in a matter of weeks and us being always eternal loving human beings.
I have to admit that Bitcoin’ didn't move as we expected, we thought it might move up faster but that is completely fine with us. We focus on trading altcoins, even though Bitcoin’ is KING, altcoins have a higher profits potential and it is easier for beginners to learn and profit more.
One large group was waiting and hoping for Bitcoin’ to go down and crash, another group kept on looking for a breakout, a trip to the moon we called. We aimed really high, but nothing changed month after month.
In the end Bitcoin’ decided to do as it always does, go against all predictions - it went sideways-, and now it is obvious that $6000 is going to hold. Even with the famous "flash crash" by stop loss hunters, we all know that a strong drop will only be followed by a stronger move up.
So what will happen next for Bitcoin?
- We continue to wait patiently while we generate massive profits trading altcoins. The longer Bitcoin’ goes sideways, the more we earn on the altcoins trades. When Bitcoin’ awakes and moves up, we will have time to rebuy and reload. (We sell green and buy red).
- With $6000 holding since early 2018, we can consider this our bottom /very strong support. $6800 is our next target up.
What will happen next for the Altcoins?
- The altcoins will keep on booming, we will trade and generate profits, to later withdraw when Bitcoin’ moves up strong.
- Most altcoins hit bottom on 14th August and 12th September but a new low has develop. Another set of altcoins hit a low point on the 15th October. You can look at charts for this low point and you will find many gems waiting to be bought.
What will happen next market wise?
- Expect more sideways+bullish action in the months to come.
- You will see strong increases in prices in bouts, and then strong long consolidation after each move up. You can expect 15-35% gains per push with some exceptions where you will see much more, followed by retrace and consolidation, just like we've been seeing for the past two months.
- Big altcoins are moving with Bitcoin’, but some are already starting to wake up. These altcoins, BCH’, LTC’, ETH’, ADA’, XRP’, etc., already sealed their bottom, with the move we saw today, unless we have some really, really bad news or black swamp event, expect for the altcoins market to generate profits until the year ends. (Take advantage of every single opportunity that you can take, but if you miss one... do not worry, more opportunities will come your way).
November & December
November and December are historically great months for trading... So prepare for profits, we are going to continue making money, trading cryptocurrency, even if there is no "bull run", we are already generating hundreds of percentages of profits on every trade. So it doesn't matter if we are having a bull run or not, what matters is that we profit when we trade.
And trust... that regardless of what happens...
YOU DESERVE THE BEST!
Click on the link below...
I appreciate your support.
Thanks a lot for the support. Highly appreciated.
I'll be sharing more and more updates and trades.
SRNBTC (78%+ Profits)
YES! The Altcoins market is heating up.
Enjoy the profits.
BUY: 0.00000745 - 0.00000810
STOP: Close daily candle below 0.00000600.
Courtesy of AMP. Enjoy the trade.
Bittrex volume has increased as well.
BitMex volume has increased.
Most likely other exchanges have increased massively in volume, please share in the comments section if you need.
More volume is a positive signal for the market.
Binance, Bittrex, HitBTC, CoinEx, Cryptopia and BitMex.
I don't do leverage other than BitMex, just to offer to our readers, not really interested in it much.
Thanks for the comment.
Currently, another 4H candle close and another rejection from orange trendline which acts as a resistance (3x) and from FIB extension level 127%. Those rejections will be a sign that we start to follow the red scenario because altcoins are still in the waiting mode and I can't read out any signs from there. So, prepare for a little throwback to $6,530-$6,500!
All the best!