This market is all about temporary pullbacks before moving to the next Fib level mainly because whenever BTC -1.95% moves up or down, alts pull back temporarily. In this projection for every 1BTC that is invested right now, 0.2BTC of profit is had at .382. Now pay attention all you "HODLERS" because this is the kind of stuff everybody thinks they know (like buy low/sell high) but don't truly understand the intricacies or don't really know what they're missing:
By selling 1.2BTC at .382, then reentering 1.2BTC at the support then selling at .5, a total of 1.71BTC (+0.51BTC) is had... a total of 71% vs 48% if bought right now held and then sold when it hits .5. This means the investor who plays vs. the one who prays makes 48% more (0.71BTC vs. 0.48BTC).
More importantly, by harvesting profits early "it's BTC -1.95% in the hand" and in this market it's better than "2BTC in the bush" so to speak. Sure, we've all heard about the 10x hodlers and good for them. You're reading the words of a guy who sold all of his XRP by the time it hit $1.70. Sucks huh? It did at the time but not so much right now and the reason is clear: I've sold at a higher level and I've more than doubled those sale proceeds since then which would be like selling XRP over $3.40. I know of ONE person who predicted XRP going that high that fast and it's the same person who thought BTC -1.95% would be $45k by the end of January and ETH would be $5,000 right now.
Anyways, back to this projection. With the 50MA and current baseline support matching up identically (so much in fact I had to move the baseline support so we could see the 50MA) that shows more separation from the 100MA and that equals higher prices moving forward.
By selling 1.2BTC at .382, then reentering 1.2BTC at the support then selling at .5, a total of 1.71BTC (+0.51BTC) is had... a total of 71% vs 48% if bought right now held and then sold when it hits .5. This means the investor who plays vs. the one who prays makes 48% more (0.71BTC vs. 0.48BTC).
More importantly, by harvesting profits early "it's BTC -1.95% in the hand" and in this market it's better than "2BTC in the bush" so to speak. Sure, we've all heard about the 10x hodlers and good for them. You're reading the words of a guy who sold all of his XRP by the time it hit $1.70. Sucks huh? It did at the time but not so much right now and the reason is clear: I've sold at a higher level and I've more than doubled those sale proceeds since then which would be like selling XRP over $3.40. I know of ONE person who predicted XRP going that high that fast and it's the same person who thought BTC -1.95% would be $45k by the end of January and ETH would be $5,000 right now.
Anyways, back to this projection. With the 50MA and current baseline support matching up identically (so much in fact I had to move the baseline support so we could see the 50MA) that shows more separation from the 100MA and that equals higher prices moving forward.