Ignore the cycles. They turn out to be not relevant to current conditions of the market. Note that the price moves towards the support demand areas coloured green.
@umairceo, buy 25% of your money and wait, if as it drops further keep buying more according to this scheme. Key is patience and division of the capital. I would personally not get into cryptos until end of FEB.
umairceo
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@investa, for BTC expected fall to 4k? as everyone is saying?
fract
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@umairceo, for btc to go below 5k first it should go through these levels It can actually happen because of:
umairceo
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@investa, wow thanks for the detailed charts so I may get in ltc for my 15% profit then get out wait for drop & repeat :P
umairceo
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@umairceo, do you think its safe to keep funds in tether? when we sale btc?
fract
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@umairceo, I would personally wait with my fiat for descending volatility in crypto market to make sure it won't drop further. Once volatility drops and it draws a continuous horizontal line sideways I will enter cryptos. that is what I mean.
BTW, I've never traded with tether
fract
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@investa, Everything already grew like crazy, give it a chance and time to finish its so called correction :D Why rush?
umairceo
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@investa, hmm ok thanks & this new chart means ltc will drop first before going to 240?
fract
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@umairceo, Before making another crazy bullish wave it must draw this it doesn't actually matter where it will drop. Wherever it drops, it must consolidate and draw a triangular formation (descending volatility) and only with the next breaking above off it we must buy.