Cryptos that Might Soar Higher - August 2017
Hello, guys and gals, in this video, I cover two cryptos that I think have the potential to soar higher in the coming time frames for investing. You have to watch the video to see which two they are. Also, at the end of the video, I cover the Changelly service which I am promoting. If you are interested in using Changelly, an affiliate link is below to support my channel. There are times where I use Changelly myself for specific instances where I find it advantageous to use their services. Enjoy!
Changelly Link: https://changelly.com?ref_id=40143e270fe9
Can you do a video on how to actually draw a Fibonacci retracement? I was under the impression the slope of the line had to be in-line with the bottom resistance points in order to effectively get the colored ribbon areas. Please help correct me if I'm mistaken.
On what I am drawing, there is no slope, just highs and lows. For a movement in a time frame, you want to draw from the low of that movement to the extreme high. Not where it closes in price, but even the grey bars that extent from the low and the high. That said, you still have to be able to see a "price movement" in a time frame. I draw very long-term ones. Some people draw them on 2 hour charts even. How I draw them is I basically find the last "crash" or long-term bottom that the crypto had before it entered bull market mode. The absolute low. From there, I draw to the top, the absolute high where the bullish trend broke. Along the way, there are many little spikes and dips. Furthest low to the furthest high. So in bitcoin's case, I start drawing it from the lows around $200 back in 2015 all the way to the recent high of 3k.
And yeah, maybe I do a video, I watched another guy's video is how I learned the correct way:
Awesome - thank you!
Great explanation regarding evaluating coins as a currency and not a stock. This has something I've had to get used to and kinda unlearn what I've learned in pertaining to finding the intrinsic value of a coin. Ripple seems like it could have very long legs due to who's backing it.
I've never used Changelly before, but I've saved your link and will use it if I do. I've pulled just about all my coins off exchanges so it would be provide a solution when I'd want to make trades. Great video as always man!
anyway not making use of poloniex, they are manipulators first class. to all: Bittrex is the place to be.
Great analysis! I will take your advice :D
Thanks for sharing, I am personally skeptical of the whole cryptocurrency even though I am holding onto some. There seems to be no limit to it. All seems to depend on what people believe. I wish the price will really soar as you predicted. I personally would hold on putting into more money though until I really understand it.
Good analysis i m going to take your information.
Great video and Analysis Sir. I agree on Ethereum, it is being pulled back with some of the ICOS that are popping left and right. , I learned something new again today Thanks
thanks, great video. personally, I am still happy to wait for the crypto complex to go another leg down, and buy in much lower. so, a abc-type correction.
Loved that you started with ETH. Great videos, really enjoy your analysis.
what are the fees in changelly
much higher than on bittrex (or any other exchange). Dont use Changelly, there is also a higher chance that your coins get lost... better use an exchange!
Fees are higher, yes. That said, just depends on the trade, I'll give you an example:
Right now, I could trade 1 BTC for 14.96 DASH on Changelly.
If I do that same trade on Bittrex right now, I will get 14.98 DASH.
So practically, speaking there is little difference so long as you are getting solid quotes from Changelly. I suggest always checking what you are quoted to make sure the exchange is decent. Where the real advantage is, is if your account was locked up or something or your exchange did not support the coin you needed to trade, then I would definitely suggest looking at Changelly.
I do use changelly when I am in a pinch. It also allows you to do things which might not otherwise be possible.