Bitcoin - Just can't close above resistance, what to make of it?Just as predicted there was a test and retest of support and resistance. I have oerfectly laid out where support is and where resistance is for days now. Bitcoin is lacking the serious volume needed to generate a move up. The battlefront still remains on the 12H between the 200MA and the 20MA. The bulls want BTC to make it past the trendline that is now resistance (I have noted that in the above chart) and the bears want to drive BTC below the 200MA which is a very dangerous thing to do. Why? well... if that happens it will be very hard for BTC to recover. Last time we lost the 200MA on the 12H it took one year to recover. So how would we know if the bulls have won and it is safe to put our money back in? BTC has got to make it over my faded red line of resistance which is around the 11K area. That will signal the first higher high in a long time, I just doubt that there are enough buyers to create a rally. The best thing to do is stay on the sidelines and wait for a break, our strategy will always be to preserve our capital and only jump in during low-risk situations, which NEOUSDT is in the middle of. Other major coins are not there yet. I will post in the next few hours the strategy on which coins to buy and which price point to jump into.
The trend: Ranging sideways and leaning towards going down.
Outlook: Unsafe for retail traders
Be safe and follow me to stay ahead of the curve.
Cryptoideas
BNB - A solid hidden gemBNBUSDT refuses to go down, almost like a very valuable commodity this thing just keeps its value even when BTC drops like a bag of bricks. I have a buy order waiting for it around the 200MA (The black line) during a sudden drop of BTC this coin may generate a long wick that will reach all the way down to $23.50 before continuing a slow but steady climb to $50.00 ish. You can't go wrong with this unit but you have to wait and see if it will drop further. Two scenarios can play out: 1. It will hit the 200MA which will be a great buy, it will make it out of the triangle when BTC moves up which you can then get into after the 1st pullback (61.8 retracement). Be safe and follow me to stay ahead of the curve.
Litecoin LTC - Let's wait and see It has been a while since LTC had a good move up and it may be a little longer still. Litecoin is in a Descending Triangle with an impending death cross, if in the next 3 to 5 days LTC does not close above $100.00 the death cross will materialize and it will send LTC into the 60's which will make it a perfect buy. LTC can be bought starting at around $68.00 all the way down to $60.00 with the possibility of hitting $200.00 soon. Be safe and follow me to stay ahead of the curve.
NEO/USDT Get is right now and double your money.This is an easy one, NEO has been making me good gains since a while back. It is resting at the bottom of a very reliable trendline. If you buy now under $10.00 you can double your money easily, just sell once it hits near or at resistance which in this case is the upper white line. If it goes down (Which it could) it won't go lower than $5.00 and the upside is $200.00 in the very long run. I would commit 25% of my capital to this trade which will take a few weeks to develop. All of this, of course, is in regards to paper trading. Follow me and get more heads up! Like this one.
Bitcoin - how to actually make money with crypto?First, stop buying without discipline, crypto can make you money but you must have a plan, stick with me and I will show you how to create a plan and why price does not matter. We can make money either way but we need "Can't Lose" scenarios all the time. Let's focus on what matters -- support and resistance. For the last few weeks, I've been showing where BTC is going to be and what it means to know where it will end. For the last few days I've been showing you the macro view of what BTC is doing, now let's look at the midterm view (secondary trend) on the 1D to know where it will find bottom out. The likely bottom as I've been saying is $9,800 - $10,000 looking at the chart now you can better understand why. There is a lot of support at that price point, also other coins will be lower once BTC hits that area. I would start buying Alts once BTC hits 10k and continue to do so as we go a little further down to $9,800.00. What Am I buying? LTC, NEO, and ETH. Personally, I will wait for LTC to hit the mid 60's. SO, in short, how do you make money? You wait until price hits a very low point and when it does it can't go much further down due to strong support but it can go very high and that's how you enter a "Can't Lose" scenario which we now are beginning to see.