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RE: 12/6/2017 The Market View and Trading Outlook
I don't have the guts to trade on 2 and 4 hour watch, but if there is a possibility of a 60 percent pullback, I'll keep some powder dry. By the way, this is the most content and sincerely written reply I have ever received and I appreciate it. Not just for the well constructed advice, also validates me as a real person. Thank you.
You are a people to me. :)
Hahahaha.
I would keep some cash in reserve, like I said what you are seeing with Etherium and Litcoin now is the money being sucked out as everybody is transferring over to jump on the Bitcoin train. Look for a jump up in either of those as bigger money starts moving back over, this will signal in most cases a drop on the horizon for BTC. You can see it if you watch all the charts, you will see a $1,000,000 sell on LTC or ETC followed seconds later by and = buy in BTC. Pretty standard affair really and something I like to see as I trade well with ETH and LTC. So I am happy to see BTC pull the money out of them. I just really want to see BTC trade sideways for a few as LTC and ETH will rocket up..