Is it the beginning of the end or the end of the beginning? #3Ok,sorry to spoil the party, but I need to reign in the excitement a bit.If you think Bear market is over I really suggest you to think twice! Seen many pump & epic dumps since 2016 and I can tell you that It will not be so easy to recover all the pain!
If you asked 10 people about their strategy you will find one trader among each 10 people. 9 out of each 10 people become traders then end up losing money after few month, weeks or even days.
The only person who keeps making money from the crypto market is the smart trader and not the gambler . If you want to make money from the crypto market then you must shift your mindset to become more of an trader / investor than a gambler. Gambler might make some profit on the short or even the medium term but sooner or later they end up with losses.
If you know and apply : 5% strategy with a stop loss, 10% profit strategy , Moving Average Across Strategy and RSI strategy , You will make money in a bear and bull market. If you dont know, It is time to find out.
i have a set buy order above the resistance level ( at around $0.0013- 1D open close candle ) . It will be a good buy for the next bull run.
Should I buy it right now? Nope.
Will I regret if it pumps? Nope.
Everyday is a new opportunity in crypto market. I will re consider if Everything goes positive in a crypto market, I can buy it at a higher level.
Dont fight with a market / trend , TREND is your friend. Be a friend with it.
Always remember, You are fighting with other traders not a market/ trend.
1 ) If you are not investing minimum 1 hour per day in crypto, You should always wait the confirmation before making any buying decision ( dont try to catch the bottom )
2 ) Take lose quickly
3 ) Dont averaging down
4 ) Wait 1 day or 4 hr candle ( open -close ) to take any action
5 ) Check coin / USD and coin / BTC before buy & sell
6) Follow me on twitter - twitter.com
BITBUSD
BitBean Change In TrendOn the 6th of January BitBean found the top at $0.042, after which it declined back to $0.0054, losing 87% to USD. At $0.0054 it found the support confirmed by 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. The support was rejected twice while the RSI oscillator formed a bullish divergence, suggesting the reversal of the trend.
Price went up and broke above the descending channel as well as he 200 Moving Average, yet again confirming the potential trend up. BITB/USD continues to produce high highs and higher lows and this tendency doesn't seem to stop soon. The first upside target is seen at $0.04 area, which is confirmed by two Fibonacci retracement levels.
On a downside, the price could once again test the $0.012 support, but only daily break and close below $0.0088 should invalidate bullish outlook.
bitbbtc total lose in next 7 Months like it was in 2017The history repeats.
Next 7 Months we will see escape of investment from cheap coins like Bitbean resulting to up to 90% lose like it was in May December 2017
BitBean Needs To RestSince November BitBean has been rising strongly and went up from $0.002 up to the $0.024 resulting in a growth of over 1150% in less than two months. At $0.024 it found the resistance confirmed by the 127.2% Fibonacci retracement level applied to the last corrective wave down.
As there was a clear rejection of $0.024 it is now likely that BITB/USD will consolidate for an extended period of time, of course, if the resistance will be respected by the market. Break above the resistance should signal on the uptrend continuation, however, at this point, BitBean could be taking some break while moving lower.
BITBEAN AND RIPPLEThe first wave described in the idea is a second wave of the grand scheme. The second wave isn't complete yet, and the small candle isn't qualified to be a second wave of the smaller weekly trend. Ripple has plenty of room to grow! It's uptrend just resumed so its far from over.
Just thougt I'd mention Bitbean for visibility.
Bitbean: UpdateWave 5 seems to have started. We broken out of the ABCDE pattern and forming a cup and handle. Once again, a very common pattern formation in this market. What are your thoughts?
Trade with care.
