BITCOIN (BTC) Update: Downdraft starting?
The LS and RS are about equal. H&S pattern becomes invalid if price drops below $4,035 which would mean the downdraft starts.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Cmon BTC please hit my buy order at 3800
I would review the projections of the correction before setting an order so high.
True, I'd rather it hit my buy order than miss out completely because I wanted to time/plan it perfectly which i know I can't do. #notanexpert
I certainly don't mean that in an insulting way, just want to be helpful. Thank you for responding honestly, I do understand your point, however I would suggest a different strategy. I haven't a clue how long you've been following this blog, but @haejin has some very informative write ups on laddering you position when buying and selling. This takes away much of the fear and anxiety one gets while working with their hard earned money in a very very volatile market. It will allow you to sometimes expand your possible gains, minimize your risk, and also get a good nights sleep.
We don't know exactly where bitcoin will be at the bottom of wave 4, no one does - not to an exact point anyhow. But rather than putting what you are hoping to profit off of at one buy point, you can ladder those buys downward and spread out (see his write ups for more specifics with pictures and explanation). This will allow you to be at ease, knowing that you will get your buy in at $3800, and more than likely hit a few other buying points downward of...who knows... $2000? You then have a spread of gains moving up the next wave, more options when to sell and take profits, and you know you didn't miss the bottom or miss out all together.
If you really think about it, there's always the possibility that if you lay down a buy at one specific number, it never reaches that low in the correction, which in turn would have you buying in it much higher rates when you realized the turn happened higher than your buy in point. This is why you want to ladder your buys encompassing a larger area of the decline, including at least one over shot in case it rebounds quickly, and one way undershot in case it starts to really sink, and with your main buys being in your sweet spot where you're comfortable with it, you're covered either way.
Wow, love your response. I wan't taken back at all by your earlier response either.
I don't even know why I didn't think about laddering, I do it religiously with altcoins.
I've been following haejin for a while, learning a lot from him. Thank you for your thoughtful response! :)
I'm now addicted to your posts , can you update Digibyte prediction ? Thanks !
Here is the update for DGB, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/digibyte-dgb-update-extended-5th
Looks like BTC hit 4k bottom at 2pm east coast time. Back from the brink to $4125 at 430pm
Downdraft just started, after a comment of JPMorgan´s CEO Jamie Dimon.
jpm profits are down 20% no kidding hes bashing BTC,,,,
manipulation ...thank god i left JP Morgan.
The banks are buying here!
News are manipulating the market... if they couldn't drop the price lot under 4K with the China fake news, they still try to make it drop. They are desperate to buy the lower they can so something big is approaching
Sys coin pls
Here is the update for SYSCOIN, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/syscoin-sys-update-is-it-following-bitcoin
@haejin Really intriguing and insightful submit shared followed and upvoted. Want you the most effective with all of your potential endeavors.
Past few day have been great for scalping... can easily go in out with less than 1btc
Fed up with the fake ups. Come on down now.