Hey guys E55 here,
With today's idea I would like to tell you that I expect another big upmove, because the signs are still good. The market is very uncertain and does not really know what will happen next. Many expect a correction down here or later. In the past, it meant the trend is your friend - in this case the market continues to rise. That means making people in the market even more insecure and later bring them to FOMO. As soon as the FOMO enters we will see a correction again.
Technically, it also looks very good. The RSI was in overbought territory. If it gets there again in the next time, then it would mean a huge upmove for Bitcoin . So watch out.
With an upmove of Bitcoin it could also be that altcoins drop against Bitcoin . What would I do if that happens? I'm honest, I wouldn't do anything and accept the ''losses'' as I expect altscoins to get their time and shoot up. This shows that even in bullish times the market is making people lose their money.
What would I do if my analysis is wrong and Bitcoins drops? Again nothing, I bought very low (around $3500) and can relax!
Your biggest bearish author of 2018 has become bullish in 2019 finally.
Thank you for reading, I wish you a nice day!
For those who do not know me, here are a few bitcoin and altcoin trades from before:
Some earlier altcoin trades with targets:
With today's idea I would like to tell you that I expect another big upmove, because the signs are still good. The market is very uncertain and does not really know what will happen next. Many expect a correction down here or later. In the past, it meant the trend is your friend - in this case the market continues to rise. That means making people in the market even more insecure and later bring them to FOMO. As soon as the FOMO enters we will see a correction again.
Technically, it also looks very good. The RSI was in overbought territory. If it gets there again in the next time, then it would mean a huge upmove for Bitcoin . So watch out.
With an upmove of Bitcoin it could also be that altcoins drop against Bitcoin . What would I do if that happens? I'm honest, I wouldn't do anything and accept the ''losses'' as I expect altscoins to get their time and shoot up. This shows that even in bullish times the market is making people lose their money.
What would I do if my analysis is wrong and Bitcoins drops? Again nothing, I bought very low (around $3500) and can relax!
Your biggest bearish author of 2018 has become bullish in 2019 finally.
Thank you for reading, I wish you a nice day!
For those who do not know me, here are a few bitcoin and altcoin trades from before:
Some earlier altcoin trades with targets:
Note
Many people turned bearish just after a $300 drop. I am still bullish.Note
And there we are again...Note
Small update: It happened what I thought. While Bitcoin has risen, the altcoins have dropped against BTC: ''With an upmove of Bitcoin it could also be that altcoins drop against Bitcoin. What would I do if that happens? I'm honest, I wouldn't do anything and accept the ''losses'' as I expect altscoins to get their time and shoot up. This shows that even in bullish times the market is making people lose their money.''
What does that mean for me? As I wrote in the quote above, I will continue to keep altcoins. I do not care how far they could fall or when they will start climbing. Altcoins are currently very cheap. As soon as they start to climb we will not see these prices for a long time. That could happen tomorrow or in 2 years but it will happen!
I wish you good luck and a good start to the coming week!
Trade closed: target reached
Note
Hey friends,sorry for being so inactive again. In the last couple of weeks I started a life-changing business for me.
Next update will come soon. Anyone who listened to me sold at $11000 in february 2018 and bought at $3500 in bottom. That's why I told you don't be greedy and just buy when others have fear. Prices were very low and you had the chance to buy low. Hope you did.
See you soon :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.