Setting Target for Bitcoin
Hello,
Be kind with me, its the first time I publish an AT. If I make good results I'm gonna pay for Pro on Tradingview, right now I'm limited on indicators (not really a problem, I don't like messy TA's). I've been
following MagicPoopCannon a lot
I bought a bit too late as trading isn't my main activity. I just started getting intersted by trading crypto last year and starting to play for real around May/june 2017 so beware, I'm not a pro of any kind.
The fib retracement 0.618 was a good 1st target to me, the 2nd one will be the 200MA : Beware of trading view, it's not showing the same result as cryptowat.ch, maybe due to weekends. If you use them on cryptowat.ch or MetaTrader4 you'll see that the 200MA perfectly show the bounce at 6000$.
Concerning altcoins, I know from last year that we have cycles USD -> BTC -> Altcoins so I just hold what I wanted to hold after selling half of it. Also beware, maybe the market changed as Chris Dunn said in this video : youtube.com/watch?v=_I6_8nN3IX8
Thus entering in a new bear cycle with lots of volatility on the short/mid term.
On the long run, I perfectly know that Bitcoin is gonna stay, fundamentals are super good, LN network, Atomic swaps, and the many many other features we will see thanks to segwit activation last summer. Lots of coin
that aim to be a mean of payments are gonna die, they don't have as much and as good developpers than Bitcoin Core and they take profit from people's misunderstanding of the technology (Sorry but you can't
understand the tech without a minimum of knowledge in Programming/Math/Cryptography/Security, drawings on youtube video's are not enough). Right now my only exceptions are IOTA and Cardano (ADA) that also looks
to be serious/disruptive projects (but don't expect any flippening). Remittance isn't the same thing as just a "mean of payment" so Stellar XLM and Ripple XRP aren't in the same bag.
Be kind with me, its the first time I publish an AT. If I make good results I'm gonna pay for Pro on Tradingview, right now I'm limited on indicators (not really a problem, I don't like messy TA's). I've been
following MagicPoopCannon a lot
I bought a bit too late as trading isn't my main activity. I just started getting intersted by trading crypto last year and starting to play for real around May/june 2017 so beware, I'm not a pro of any kind.
The fib retracement 0.618 was a good 1st target to me, the 2nd one will be the 200MA : Beware of trading view, it's not showing the same result as cryptowat.ch, maybe due to weekends. If you use them on cryptowat.ch or MetaTrader4 you'll see that the 200MA perfectly show the bounce at 6000$.
Concerning altcoins, I know from last year that we have cycles USD -> BTC -> Altcoins so I just hold what I wanted to hold after selling half of it. Also beware, maybe the market changed as Chris Dunn said in this video : youtube.com/watch?v=_I6_8nN3IX8
Thus entering in a new bear cycle with lots of volatility on the short/mid term.
On the long run, I perfectly know that Bitcoin is gonna stay, fundamentals are super good, LN network, Atomic swaps, and the many many other features we will see thanks to segwit activation last summer. Lots of coin
that aim to be a mean of payments are gonna die, they don't have as much and as good developpers than Bitcoin Core and they take profit from people's misunderstanding of the technology (Sorry but you can't
understand the tech without a minimum of knowledge in Programming/Math/Cryptography/Security, drawings on youtube video's are not enough). Right now my only exceptions are IOTA and Cardano (ADA) that also looks
to be serious/disruptive projects (but don't expect any flippening). Remittance isn't the same thing as just a "mean of payment" so Stellar XLM and Ripple XRP aren't in the same bag.
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