I am already in this trade at .00037. I forgot to update this chart when I saw this opportunity. Pivx has broken previous resistance, however, it has a stronger resistance to break. This trade has a big risk, therefore I wouldnt use a big sum of capital on this trade. As long as bitcoin doesnt rally tomorrow, I can see this trade being successful. Along with many other alt coins to rise. What are your thoughts?
Good chart and sensible trade advice - I bought Pivx at $3.06 a couple of weeks ago which was 0.00035 at the time - Its now $7.40 and only 0.000389 haha - Dollar amount in my ledger wallet looks great but BTC value is unimpressive - Trades finish very quickly against perma bull BTC, people cash out before the price goes anywhere
AbdorhmanThi
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@Nom_de_Guerre, Haha. Yeah. I trade to get more Bitcoin. But it is ultimately what is your end goal. I do believe alt coins will do a lot better than Bitcoin next year though. It just makes sense that Bitcoin dominance will go down, like it has been to 53% now. I can see it being 1/3 of the market end of 2018. Percent wise, you can bet a lot of people will look to alts for profiting via USD and BTC.
Nom_de_Guerre
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@AbdorhmanThi, Totally agree, the BTC dominance chart has a heavy hand in whats going on - same as you I trade alts to get more btc, I nearly always keep part of the profit in the alts - 'The herd' has just found BTC through Coinbase, they are going to find Alts through Bittrex/Binance/Polo etc next, should be like a tidal wave
AbdorhmanThi
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@Nom_de_Guerre, Yeah. That's why I believe anyone who bought anything from summer til now, will profit whether that coin/project is worthless.
Nom_de_Guerre
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@AbdorhmanThi, 100% that is going to happen this is why i hold alts as profit, I've been trading since February, when i look back at the prices i was paying back then jeeez....
AbdorhmanThi
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@Nom_de_Guerre, Welcome to trading. I have been trading for a few years now in Forex and Stocks. I have now been trading Crypto for over a year. This is the best year yet. However, in a bull market everything is easy. Do read up and study bear markets, as it will eventually come.
Nom_de_Guerre
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@AbdorhmanThi, Thanks bro *) I cash out regularly, I dont like giving money back to the market, my first loyalty is to my grocery bill lol. I'll keep my eye out for your charts when it starts