analysis for your market trader

Market Day 10/11

overview

The market has had a significant price cut after the first day increase. Specifically, after the BTC dropped from their highest point of the day $ 7324 to $ 6671 (9%, data BFX), and compared with the highest point reached $ 7900, the rate decreased by 15%, compared to the average price common $ 7500 then dropped 11%. Basically this reduction has temporarily break the momentum of the BTC.

On market capitalization, in the last few days hovering around 210 billion dollars, the rate of capitalization of BTC / Full market 62.x% decrease from the level of 59.x% indicating money flowing into DC Altcoin a strongly with the largest contribution from the BCH. Capitalization also reached the highest peak when the Altcoin increase not when BTC peak.

After strong price decrease markedly BTC, BTC and Altcoin Vol sold increased that total increased from 7.7 vol 24 billion to 10 billion.

Identify and scenarios:

First it should be said that the market is always dependent fluctuations of BTC. In any analysis I have also mentioned fluctuations of BTC is so.

BTC this period like?

On basic techniques in D1, BTC may proceed to BB between at 652x, which is lagging more than the current part. Case that the lag Altcoin will continue a little longer before you wave back. But that is not the current problem, the problem is that after the next mid BB, BTC will officially break down trend Up and entering the trend with frequent storms or sideways or in person at BB bounced between?

Temporary bypass technique, I personally do not believe technical this stage when the BTC and coin generally can be up to defying technical, I'm making a few points about the price BTC increase / walked / fell to everybody refer.

The argument for the BTC prices:

Essentially speaking BTC argument for price increases is not much when it has grown quite long and reaches many risks (technical and also quite bad). However, BTC is an increasing currency in an arbitrary manner, so that the door to the BTC never closed, it just goes very much narrower.

The BTC continues reopening event and decided to survey parts of Segwit2x shows skill game never stopped. Just one push and get information about buying BTC 2 copper coin separation can completely reversed any time. Even discount can still be a skill game when everyone is gathered BTC wait for new contract free, the event Segwit2x canceled, people sell and sharks gathered BTC then Hard Fork happen normally remain may occur. Manipulated the market, and we have absolutely no right to decide that. Here hypothesized only to emphasize that the sudden reversal can always happen.

The argument for the discount is also quite a lot:

BTC record prices attracting many new investors as well as the temporary increase Altcoin had (Although very low). Profit taking process completed ready for the down trend. However, the fact must say that the growth Altcoin really poorly, except BCH most Altcoin considered only increased slightly.

Thesis for BTC walked (up and down very slightly after the BB center):

1, Graph capitalization of just under 210 billion if the capital is slightly delayed compared to the acceleration of market share, estimated new record for this period falls between $ 250-260 billion would be appropriate. If the objective of the financial world is manipulated increased capitalization, the BTC will continue to be anchored around the price of about $ 6500 for the altcoin mutations.

2, graph technique of Altcoin still very nice for the bulls, if the Sharks want to push Altcoin further to conform technical (Although if push came down and after that technical adjustments to correct), then BTC will be unchanged.

So for BTC or Altcoin, situations can occur, it is important to manipulate world want to do.

What to do now?

Do not get accurate market movements so almost no long-term strategy. Long-term strategy is required when there tends exact length. But can draw preliminary as follows:

BB case between BTC return and pop up or sideways, Altcoin will continue on strong, then we would have decided to buy back or BTC Altcoin.

Cases fall into trend down completely, we will play each wave tron.
each drop, and acquisition and long-term hold or trade in final cuts, time reversal. Example: Day 1 soup bought BTC in 6533, Sold out at the waves in 6825, then waited to drop next and bought BTC in 5828 and sold at $ 6245, Deadline for purchase of BTC in 4984 and hold to 8k, 10k (the numbers are just examples).

About buy Altcoin point, no fixed time of purchase, the BTC reached Altcoin too.

Where the down trend long term, according to the rules reduce the price of BTC during the first years, each time creating a new peak and go on down trend, the organizers usually reduced by about 32-36% (Fit both 8 times discounts in years) . Based on the average price common $ 7500 BTC will have reduction of about 4k8 - 5k0x. Prices could fall further slightly, but will typically be about good prices for long-term trade strategy (Hold 1st instance) ..

ECD in recent days he has said very clearly, very nice graph Altcoin but always be vigilant because the BTC price movements, quote:

"The market is undergoing many risks with the oscillation in large amplitude and unpredictable. Price BTC can fluctuate 1 abruptly always carries risks for the market. With safety principles and temporarily to track, more time is needed to confirm stability. If everything nice, normally Altcoin will recover and grow very well.

What to do?

If you are holding, you can proactively Altcoin exit 1 share purchased at high prices if no time continuous monitoring.

If you're holding dollars, you can wait, there are many different copper coin and different opportunities, recklessness is not necessary.

Results: Currently 09/11 morning, The basic Altcoin return trajectory, though risks from price fluctuations BTC always ready, so should adhere to the management of capital at this time. "

Yet you still present some call the hole, so that absolutely no implementation guidance. You buy at the higher position, you must actively break down slowly put his position on low prices, which is the basic principle.

If you are keeping Altcoin or BTC go again, as in the PT said though the door up there, however, we are traders and not the gambler, the risks and opportunities are equal, synonymous with gambling you should take the initiative to escape high prices and share purchase at least 3/4 to ensure the initiative in every situation. Where prices rise again, you'll have to buy a new location and start a new journey, governance risk is basically successful trader. Finding points out Altcoin you watch according to BTC recovery wave, basically the moment BTC is fully observed.

Links: Personally I rarely try to guess the market scenario and believed in his decision, I'm just giving the script, the only thing I believe is the obvious signs and act upon it. The basic guess still is one form of gambling.

Trader is not afraid to not afraid down, traders love both 2 and traders just afraid of no wave, no matter how well start learning as a trader with the principle of right lesson 01: Investment profit / stop loss, reinvestment. Trader did not buy at a fixed figure, do not worry about waking up 15 or LTC ETC to 65, it does not matter at all, if we back up trend continues to buy 15 sell 17, buy 65 sell 75 Mutual also, it too, will have a price at which certain it back, and that's the point of purchase. Take away food ideas from root to tip, we only had the market swing, eat one piece was enough. Not go down the hole was removed words.
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