As an investor, measuring the value of a certain coin by comparing it to another is not the proper way to do it.
Altcoins are looking terrible in comparison to Bitcoin which means Bitcoin is at the moment better investment but if you bought altcoins in dollar value, you are in great profit.
In comparison to Bitcoin, they look terrible but maybe it’s not a sign of their weakness, but just the strength of Bitcoin is showing its signs in the weakness of altcoins.
In the stock market, for example, you are not using Microsoft to measure the value of Facebook. They both were great investments, just one of them outperformed another.
Make this a lesson to always have at least half if not 70% of the portfolio in Bitcoin.
#Bitcoin #Crypto
Altcoins are looking terrible in comparison to Bitcoin which means Bitcoin is at the moment better investment but if you bought altcoins in dollar value, you are in great profit.
In comparison to Bitcoin, they look terrible but maybe it’s not a sign of their weakness, but just the strength of Bitcoin is showing its signs in the weakness of altcoins.
In the stock market, for example, you are not using Microsoft to measure the value of Facebook. They both were great investments, just one of them outperformed another.
Make this a lesson to always have at least half if not 70% of the portfolio in Bitcoin.
#Bitcoin #Crypto
I do not know how big your exposure to the altcoin market is, but if you are in Bitcoin, keep holding it.
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto
Crypto Signals pinned «I do not know how big your exposure to the altcoin market is, but if you are in Bitcoin, keep holding it. Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish. I tried only 2 times buying altcoins…»
#Bitcoin
The current price action is pointing in one direction, new high of this uptrend.
As long as the green area holds, a new high of this uptrend is a target.
Predicting the exact point of that high is thankless but using some of our measuring tools, we see at least $16 000 being reached.
Altcoin situation is getting worse. We are below multi-year supports and probably in the final stage of capitulation.
This is time altcoins are getting interested to me. I want to see total capitulation in order to buy it. Weak hands have to be shaken off.
If and once I buy it, it is going to be just a swing trade that will target a certain area and I will get out.
It serves me only as of the opportunity to grow the Bitcoin balance. I will never marry an altcoin and hold it for "future potential".
The current price action is pointing in one direction, new high of this uptrend.
As long as the green area holds, a new high of this uptrend is a target.
Predicting the exact point of that high is thankless but using some of our measuring tools, we see at least $16 000 being reached.
Altcoin situation is getting worse. We are below multi-year supports and probably in the final stage of capitulation.
This is time altcoins are getting interested to me. I want to see total capitulation in order to buy it. Weak hands have to be shaken off.
If and once I buy it, it is going to be just a swing trade that will target a certain area and I will get out.
It serves me only as of the opportunity to grow the Bitcoin balance. I will never marry an altcoin and hold it for "future potential".
Forwarded from Future Crypto Experts - Paid Channel
Reason for long:
Bullish daily closure above resistance. We are now getting a pullback in the resistance and two times we are getting a strong bounce off so it is acting as a support.
In bullish market conditions, 2 strong bounces off support are more than enough.
Bear in mind, $80 mil worth of longs were liquidated today which means weak hands are out.
Using these two factors together, we get a really nice reason to open a trade.
Bullish daily closure above resistance. We are now getting a pullback in the resistance and two times we are getting a strong bounce off so it is acting as a support.
In bullish market conditions, 2 strong bounces off support are more than enough.
Bear in mind, $80 mil worth of longs were liquidated today which means weak hands are out.
Using these two factors together, we get a really nice reason to open a trade.
Forwarded from Future Crypto Experts - Paid Channel
Awaiting daily closure for our next trade opportunity on Bitcoin. It is meaningless to rush in trade when it faces daily resistance.
We are not thinking that resistance will make big problem but rejection of 2-3% can shake off too tight longs so we do not want to be in that group.
We are not thinking that resistance will make big problem but rejection of 2-3% can shake off too tight longs so we do not want to be in that group.
Selling altcoins now is not a wise decision. Yeah, they will drop but oversold condition will cause pump sooner or later.
That pump for majority of them will be an exit pump but some of them will reclaim broken supports and consolidate for another move up.
Especially Bitmex altcoins. The market is driven by fear and greed but when you add leverage to it, the smart money has the power to trade against the majority and profit on their stupidity.
You had entire 6 months to sell altcoins and you chose the time when they are capitulating.
That decision is similar to buying Bitcoin at $15 000 in 2017 bull run. You can make some gains but only if you sell at the ultimate top or close to it.
The truth is that those who bought at $15 000 were selling at $6000 or even worse at 3500-4000.
They will terrible but when the majority start selling, I am starting to look for buy opportunities.
The article was focused on Bitmex altcoins and other major coins that are going through tough period. This is not post for shitcoins that will die in very short time.
The post is not also for coins like BNB that went up a lot based on constant hype and at the moment they run out of hype, the price will drop and it is happening right now.
That pump for majority of them will be an exit pump but some of them will reclaim broken supports and consolidate for another move up.
Especially Bitmex altcoins. The market is driven by fear and greed but when you add leverage to it, the smart money has the power to trade against the majority and profit on their stupidity.
You had entire 6 months to sell altcoins and you chose the time when they are capitulating.
That decision is similar to buying Bitcoin at $15 000 in 2017 bull run. You can make some gains but only if you sell at the ultimate top or close to it.
The truth is that those who bought at $15 000 were selling at $6000 or even worse at 3500-4000.
They will terrible but when the majority start selling, I am starting to look for buy opportunities.
The article was focused on Bitmex altcoins and other major coins that are going through tough period. This is not post for shitcoins that will die in very short time.
The post is not also for coins like BNB that went up a lot based on constant hype and at the moment they run out of hype, the price will drop and it is happening right now.
Margin exchange launched and price didn’t move at all.
The whole move up was built on a hype and when hype is over, there will be sharp correction.
If this support holds, I will be really surprised.
#Binance
The whole move up was built on a hype and when hype is over, there will be sharp correction.
If this support holds, I will be really surprised.
#Binance
ince the majority of traders are glued to the low time frames, this is the macro view.
This chart shows you 2 years of ETH/BTC chart.
If you sell now, you are selling at the lowest point in the last 2 years.
A year ago, we were around 0.06-0.07 (3x from the current price).
At that moment, if someone offered you the opportunity to buy ETH/BTC at this level, you would accept it for sure.
Back to the current day, you got that option and you are thinking of selling it 😁🙈
The retail traders who were hoping to buy at this moment are selling.
Believe me, big guys are accumulating heavily at those levels.
No, you do not have to buy it. I am also waiting for 0.02 and 0.015 BTC to buy ETHBTC but I would never sell at this level.
This chart shows you 2 years of ETH/BTC chart.
If you sell now, you are selling at the lowest point in the last 2 years.
A year ago, we were around 0.06-0.07 (3x from the current price).
At that moment, if someone offered you the opportunity to buy ETH/BTC at this level, you would accept it for sure.
Back to the current day, you got that option and you are thinking of selling it 😁🙈
The retail traders who were hoping to buy at this moment are selling.
Believe me, big guys are accumulating heavily at those levels.
No, you do not have to buy it. I am also waiting for 0.02 and 0.015 BTC to buy ETHBTC but I would never sell at this level.
Bitcoin is doing what is meant to do - disrupt the traditional system.
This is the proof that we are on the right path to achieve that.
https://twitter.com/realDonaldTrump/status/1149472282584072192
This is the proof that we are on the right path to achieve that.
https://twitter.com/realDonaldTrump/status/1149472282584072192
Bitcoin market cap: $200 billion
Microsoft market cap: $1 trillion
In a few years we'll look back and laugh at the days when the internet of money was worth less than a single company.
Microsoft market cap: $1 trillion
In a few years we'll look back and laugh at the days when the internet of money was worth less than a single company.
Bitcoin - Daily Timeframe Turned Bearish
After 155 days after we saw bullish MA cross on daily Bitcoin chart, we saw bearish MA cross after yesterday’s selloff.
What is Bullish MA Cross?
It is an event that happens when smaller moving average crosses above the bigger moving average.
What is Bearish MA Cross?
It is an event that happens when smaller moving average crosses below the bigger moving average.
Why is MA cross important?
Moving averages are a useful indicator that helps us find an established market trend.
Having that in mind, after more than 5 months, Bitcoin is in bigger correction, and until we saw new bullish MA cross, the correction will still in play.
After 155 days after we saw bullish MA cross on daily Bitcoin chart, we saw bearish MA cross after yesterday’s selloff.
What is Bullish MA Cross?
It is an event that happens when smaller moving average crosses above the bigger moving average.
What is Bearish MA Cross?
It is an event that happens when smaller moving average crosses below the bigger moving average.
Why is MA cross important?
Moving averages are a useful indicator that helps us find an established market trend.
Having that in mind, after more than 5 months, Bitcoin is in bigger correction, and until we saw new bullish MA cross, the correction will still in play.