Placed GTC @ 21.50. Maybe a little early, but I'm willing to place a bet today. If I'm totally wrong, I think we should at least get another shoulder, giving us a target, or a chance to get above breakeven. Good luck.
It is all about timing in altcoin trading, to maximize our profits, we have to 1) find the right coin; 2) find the right time. To me, the latter is even harder because the market has provided us plenty of opportunities, it is not easy, but not that hard to find a promising altcoin, however, timing is very difficult to determine as we might suffer longer loss or...
We are entering BEAR Territory. Daily 50 MA crossed 200 MA, so called DEAD CROSS. This could be Correction, but more likely Entering BEAR if falls 20% over 2 months period (by definition). We have to watch more.
Reason is follows:
1. stock is overvalued.
2. Earning growth is stalled.
3. Global economy is entering recession.
4. US manufacturing, GDP is falling...
