Keep it smart & simple Let history be a good lesson, keep reviewing and questioning your investing methods. I mainly use the 50MA and 200 EMA to time my entries and profittaking. Keep it simple and easy, investing like this helps you sleep at night.What to do with profits ? Stablecoins at 8-10% APR. On my chart, the green marker are points i would take...
"Bitcoin at the end of the day doesn't really have utility other than store of value. Its the first mover. One day the value, like all things will gravitate towards real world utility and innovation. Mining is excessive, bitcoin transfers are slow and expensive, hashrate controlled by China, etc. What I am looking for are altcoins that have drastic real world...
BTC.D has upside potential, OTHERS.D(Alts) downside potential. Seems like we are at a crossway for some time now. If BTC pumps alts will bleed and vica versa
KISSS Keep it simple and (easy) I don't like to overthink or overcomplicate TA, just manage risk. We are past the accumulation point of alts imo, buying now is always a risk, im keeping a close eye on the upper resistance atm and will take profits accordingly. The base line and midway the Kumo cloud serve as good buy zones for me. NO FA, DYOR
Alts will have their time, and for the number one altcoin, ethereum, the best has yet to come :)
Im long until the main support line is invalidated, then il just DCA and load up those dollars. My chart is pretty basic, i like to keep it easy and simple since everything moves in waves anyway. Good luck, Cyrus
The 200 EMA (yellow line), is a good place to accumulate more coins, same if it drops below it. Historically speaking this is the best place to go long, use a SL though. I am accumulating the more it gets to the 200 EMA and certainly if it drops under it. Protip : the chance of a profitable trade increases alot if you buy and accumulate around the 200 EMA zone...
Will alts break out of the channel towards the upside? If you look at BTC, we just broke ATH and BTC.D looks like it wants to push higher too.
Little comparisong of how alts could possibly be in some trouble if btc.d keeps rising. If BTC breaks its ATH of 58k, and goes parabolic to 70-100k then we could expect alts to bleed a little. Then if BTC.D is around 65-70%, buy alts and enjoy another altseason.
My buyzone, the sky is the limit yes, institutions pumping their own bags, all nice, untill it all breaks down and follows the gravity of this world ( EMA 200)
Remember to take profits accordingly, no1 can time a top, it's not 2017 anymore, but crypto has always been cycles from one bubble to another. Theres institutional money this time, but im sure they havent bought their biggest bags at todays prices. They can say they did to pump up price and dump their bags on retail investors. Money and manipulation go hand in...
Use a tight stoploss, BTC is at a crossway atm. Wave 5 to new ATH on BTC or breaking lower to 30-40k zone, to bottom out, and fuel up for later. Use a tight SL on EGLD if you take this trade. In the long run, if we got an altseason EGLD = 1000$ + at 17B MC totally doable
If BTC is nice, this looks like a decent long position. Use a tight SL though in case BTC decides to drop. PT1 160$ PT2 180$ PT3 210$ PT4 Let run DCA1 110$ DCA2 90$ DCA3 75$
Next target, 52k then new ATH or 38-42k, if good dip and more correction, DCA in altcoins and prepare for altseason
I see alot of people calling for altseason because they desperatly want it. I beg to differ