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RE: 1/25/2017 The Market View and Trading Outlook
Ah... if I've learnt anything from you, its that jumping on an upward trend that has volume support is the smartest play there is.... that's not cheating at all.
I do have to wonder if the markets lacklustre form is mostly due to the Korean exchanges no longer being listed on CoinMarketCap. It shouldn't have made any difference whatsoever... but maybe retail investors only like to jump in to a market with a page of green...
True and what makes crypto so interesting is that really all we have is patterns and TA as opposed to Fundamental Analysis.. There are no real earnings reports, quarterly shareholders meetings etc for things like BTC. Now for some of the Alts that may come into play as the coins are basically shares and have an underlying company are business model associated with them. It's tough to play at many times and like I said.. I'm all about catching a ride going my way or seeing an opportunity based on TA that is somewhat obvious like the LTC call a couple weeks ago.. That said I missed the ETH run up before it, but oh well.. I was to busy on BTC charts and there is only so much time in the day. Certain setups present themselves quite often and when I see one I'll go in with a stop and take a risk, but not in a downtrend or bear market.. sideways or bull, sure.. but not playing flip the coin against the bear...
No so subjective and open to interpretation.. hit the top of the triangle and got kicked in the face... and smashed lower on higher volume...