Where does Bitcoin go from here? Will the cryptocurrency market recover? Are we out of the Bear market and into the Bull market? Or are we in for more of the same?
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The alt coin market will rebound eventually. Not all coins will bounce back though. The market will reinvest in what people think are the best projects, and crap coins will fizzle out. Let us know what projects you think are good, especially any new ones. Whiich projects will rebound and which won't ? What about cpy?
I like your style man you have a lot of fundamental knowledge and if it weren’t for you recommending philakone couple months ago I would be lost technically. I aspire to have both technical and fundamental knowledge like u guys one day. I nailed some targets so far and getting better finally haha. Thanks man
Suggestion when you are using the chart to show TA, instead of saying this right here you can call the amount of say the range it's difficult to zoom in. (I take your word like the gospel, lol just kidding. I love your presentations and your views of looking at the market.
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I'm also horrible at Bear market trading. I moved into fiat a few weeks ago (after losing about 40% of my initial investment from late December). Like you, I expect soon that BTC will start coming down to the $6K level, and waiting for when I feel it's a good time to place layered buys at $7K, $6K and $5K. Then the alt coins will at that time or within a few days be on fire sale prices. What strategy do others have?
I think it’s harder to take profits in bear market but great for training. I’m right there with you but the chart analysis and Elliot wave and Fibonacci has helped me time my trades sooo much I recommend following philakone too just like b did. Philakone can get loud and crazy at times but he’s helped me understand the most out of any YouTube channel technical analysis. Trade devil is amazing too.
Highly doubt we will see BTC near 5k anytime in the future. If I were to guess 6800-7000k is possible before the next serious bull run. I am putting layered buys for LTC at $140, $135, etc. all the way down to the $100 range. I still got plenty of fiat ready for something like this. After or if things reach these lows I expect the market to take off in early summer.
If Bitcoin is just going to keep going up.. wouldn’t it be wise to stock up on the Best Buy alt coin prices as well. Of course hold your current bitcoin stash. Buy low sell high. Well the alts were super low and I stocked up. Let’s be honest, NOBODY knows if bitcoin is gonna take 80% dominance over ever again. So play both sides is my strategy
I'm seeing more signs of it going down rather than up but anything could happen. I'm not convinced either that we've reached the bottom. We went up 2 days ago but we haven't gone down which is what I'm waiting for before I buy again. Personally I want it to go down hard so we can finally reach a bottom.
Exactly. One asset should never control that much of any market. Makes it way too easy for the powers that be to get involved trading and manipulating it with their dark pools and Custody accounts (and BOTS). 43.3 percent is WAY too high IMO
When something is up on a down market it's not a good buy, but a good sell. Once the momentum reverses and markets start to rise, you'll want to have bought the ones that were low during the dip, cause those will bounce back up the hardest. Assuming you picked good, undervalued coins instead of shit. So a little research and fundamental analysis is important of course. :)
Niall23 - ignore the guardian they have been trolling on bitcoin for ages, it's laughable how negative EVERY article they have is. It's genuinely like the managing director of the guardian knows someone they hate that invested early or something lol
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