If you look at my charts from a couple of months ago I've had 3 green X's marking the 3 buy zones and exactly how much to put into each buy zone. We have now hit 2 out of 3. In the next few posts, I will give you which coins to put your money into, to at least double your capital in the next few months. Don't forget to follow me and you won't miss that shortlist.
So let's dig into what is happening now and what can happen in the next few days. We are entering the area in which it will make more sense to start building a bottom. But first, so you understand this game better, what you saw over the last few weeks was that Algos (computers ) printing a bottom to sucker you in, since there were very little takers they decided to sell and go to the next buy zone (which we are entering now.) If we fail to take off from here again then we will go to the final buy zone at 4K -- which is not in play yet, but that area will have an insane amount of buyers and it can be reached depending on how violent the death cross will be. Now, this area -- where we are now -- may develop more buyers so once we hit my green X I will put 30 or 50% of my working capital in. I will reassess the situation and decide which % I will put in according to the quality of the trend. I want to leave some cash out in case BTC decides to go down further.
So this area we are in now which I talked about at length a few days back has a lot of strong support. We did hit my 61.8% retracement perfectly as you can see in the chart and that is where we have stopped for now. We still have to deal with the 100MA the 200MA and the Month's long support at $6500. Here's a little tip, be on the lookout for a long wick to reach down to the $6500 area that could be a very subtle hint that we are going up soon. However, IF we slowly meltdown to $6500 that could mean we are going down some more. Either way, expect this area to provide an epic battle!
THE TREND: Going Down a little more
THE OUTLOOK: I highly recommend to buy some Alts (do not use all of your capital) and Safe to buy a percentage of BTC, wait a bit more to buy more.
So let's dig into what is happening now and what can happen in the next few days. We are entering the area in which it will make more sense to start building a bottom. But first, so you understand this game better, what you saw over the last few weeks was that Algos (computers ) printing a bottom to sucker you in, since there were very little takers they decided to sell and go to the next buy zone (which we are entering now.) If we fail to take off from here again then we will go to the final buy zone at 4K -- which is not in play yet, but that area will have an insane amount of buyers and it can be reached depending on how violent the death cross will be. Now, this area -- where we are now -- may develop more buyers so once we hit my green X I will put 30 or 50% of my working capital in. I will reassess the situation and decide which % I will put in according to the quality of the trend. I want to leave some cash out in case BTC decides to go down further.
So this area we are in now which I talked about at length a few days back has a lot of strong support. We did hit my 61.8% retracement perfectly as you can see in the chart and that is where we have stopped for now. We still have to deal with the 100MA the 200MA and the Month's long support at $6500. Here's a little tip, be on the lookout for a long wick to reach down to the $6500 area that could be a very subtle hint that we are going up soon. However, IF we slowly meltdown to $6500 that could mean we are going down some more. Either way, expect this area to provide an epic battle!
THE TREND: Going Down a little more
THE OUTLOOK: I highly recommend to buy some Alts (do not use all of your capital) and Safe to buy a percentage of BTC, wait a bit more to buy more.
