Most c-coins show this pattern and it is BAD news - THREE BLACK CROWS

in bitcoin •  2 years ago

I play the market; I repeat I PLAY THE MARKET (and always trade using Japanese candlesticks); so never follow my advice. Do your own research and make your own decision. NEVER trust any one that gives you a winner for the simple reason that it is YOUR money.

In any case c-coins in the dump today. Why? I think the USD is gaining power in the international market (lots of projects coming up that require huge amounts of USD's) and the demand for this FIAT is increasing. So market makers sell the c-coins and buy the USD. Also OIL is and will be staying at 40 USD/bbl since demand is slowing and dropping. Here again too much cash floating, where do I place it, well in USD most probably.

What to do? If you are in from the top and need the money, bad luck sell. Otherwise, IF still got money to throw away, buy more, average out and pray that it goes up some time soon. (remember my advice in 1st lines of his post)

bad.jpg

tesxt bad.jpg

References:
http://www.investopedia.com/
https://www.theforexguy.com/japanese-candlesticks-explained/?gclid=Cj0KEQjw4cLKBRCZmNTvyovvj-4BEiQAl_sgQrHxR8tYFvssHvsUnN35LQ4sAhK_CwsspbaPrBFqLOMaAhTm8P8HAQ
http://en.tradimo.com/tradipedia/Japanese-candlesticks/


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@indepthstory

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Thanks for the info, hopefully this can keep up until I can raise some more money lol

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I have a stable job, but I dont really think cryptos have no chance of resurging. the network of people who use them grow every day, and they may be selling now but people generally distrust USD or any fiat currencies tbh.

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They fluctuate SO much!

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or cry, pray, swear never to do it again, promise you will get a stable job ,, etc etc etc jejejejejejeje .. LOLMAO ...

what the .... is going on people i lost 2k today they are going up for like 1-2 days than going down super fast f...

been red days for altcoins

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will you get out or buy more?

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I always wait for these red days to buy more :)

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humm got money to throw away ...good for you ....

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well i engaged with forex first now cryptos hooked me up

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hey same high isn't it?

something new learnt. three black crows always to look out for, they are so vivid on the ethereum price chart. thanks

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hey as mentioned the more we study the better prepared to play this casino....LOL

I will start buying @indepthstory

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I am waiting for the hard bounce, or go short if it is a dead cat bounce and breaks through support...IMHO . ...