Now NEO just keep going down and back to the deep, and we dont know is now is real deepest for NEO or will be other more deep. NEO is good coin but just like others is just high flucktuacion, so for better whenever want to buy NEO always set stop loss around 7% to 10% so if the price going down more deep we can buy it at cheaper price.
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At the moment i never try copy trading, but look interesting to try it. Only use maximum 10% from trading balance is better because we dont know how the strategy and risk management of other trader that we copy that. Actually is better to learn and to do trading by self to increase our knowledge and skill in trading.
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I think no body will know how highest the price of crypto wil to go, so whener the price going up is better to use trailling stop so when the price turn in to down trend will sell it automatically. And when the price keep going up , we will never miss it.
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Beside Binance and others exchange that has this function, to have trailling stop in crypto trading also you can use MT4 platform. Use MT4 to trading crypto is more easy than on exchange because this platform has full function, like trailling stop, buy or sell limit, buy and sell stop and also take profit and stop loss that easy to use it only by drag.
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I been loss so much money because bought NXT in the top price to get airdrop of Ignis. I hope next year crypto market back to bullish and all the times high again so my loss will be recover. NXT and IGNIS is very cheap now so has probability to going up to 10 times more.
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In my country cryptocurrency is not so popular like in Japan and other western country. Here not more than 1% people know and understanding how to use Bitcoin, even many people never heard about Bitcoin. In big city here any some cafe and restaurant accepted Bitcoin but actually crypto payment is not regulated yet.
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Price of Bitcoin is very volatility but in my opinion is very small probability the price will going down to $3000, because by looking to weekly time frame of history Bitcoin price , Bitcoin did going down only by maximum 90% and this happening in 2013, and currently Bitcoin price already dropped more than 70%, so in my prediction $5500 will become support level of BTC, and from this level will going up again.
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Ripple always in the top 5 ranking in coinmarketcap in acouple years, and that mean the community is very big. Although Ripple is centralized but this coin has high demand because some factor, like the team member is active to keep development purpose of the project. Founder of Ripple also has other successfully project, that is Stellar so both coin under development by professional team.
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The price of many altcoin is been going down more than 1/10 from the top price. Even some popular altcoin that listed in top 10 ranking in coinmarketcap, like NEO and Cardano also in big crash. In technical analysis is good times to buy it and hold for 1 years, so when the price back to the top we can make profit up to 10 times. But to maximum profit is better wait for the good news, because crypto will going up according to factor of fundamental.
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Bitcoin still become number 1 crypto according to market cap in 5 years,.and others all altcoins on the top 100 ranking is possible to bullish in that long duration. ETH still become number 1 altcoin because this project always has new inovation to make their blockchain better than others. Altcoins that to be bearish is altcoin that does not have any solid team developer and fraud crypto.
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Many trader and investor keep eye with news of Bitcoin ETF now, this is one of the big news in crypto market. Hopefully Bitcoin ETF approved by SEC on september so everyone possible to recover loss, because big probability after this ETF approved all crypto will bullish and all the times high. If this approved i think BTC will going up to $50 K in just 4 or 5 month.
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Iam little scared because i been loss so much and dont know when the market will back to bullish again. But i still have hope , because market cap of crypto still very small compared other asset like gold and stocks market, and has potential to increase in the long run.
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No one know where is the bottomed, the price of crypto is hard to predict so the best idea is always use stop loss when buy any coin because the price can be keep going down and also technical analysis not really work in crypto trading. I think we should be wait patient untill 30 of september , this times Bitcoin ETF will approved or rejected. And after that if Bitcoin ETF approved we can buy crypto because the price will bull run.
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All crypto include Verge in the bottom now, and Verge is one of the best choice because this coin was give the biggest return last year. And to minimize the risk we should also put some money in to others coin. In this deep buy minimum 5 different coins is good decision, because we will never know which coin will give the best return. Other potential coin can be NEO, ETH, ADA, NANO. Start to invest in to these coin now for duration 1 years will make huge profit.
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Currently in the market BTC dominance by more than 47% and this mean the demand of BTC is more high than altcoin, so in my opinion make invest in BTC is good choice . Many media predict the price of BTC will going up to $50K in the end of this year, this is can be possible in other next 4 month the price going up by 9 times more.
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In the market now BTC dominance more than 47% and this mean many trader and investor sell their altcoin for BTC. This action make all altcoin going down the bottomed. Crypto market need more new money from investor so the price of altcoin possible will going up. BTC dominance now , i think this is because News of Bitcoin ETF.
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So you should be make 500% profit, i think in this bearish market is hard to make it. You should be put that money in to other crypto when any good big news that make more demand in crypto. In my opinion you have to wait when Bitcoin ETF approved by SEC, because everyone look waiting for this news. Or other way to make it is try to trade it on the others asset like forex and CFD with margin trading.
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Currently more than 47% Bitcoin dominance in the market, and this mean many trader sell their altcoin for Bitcoin. And so far not any new money come in to the crypto market, that why the price of altcoin going down. This crypto market need new money so the price will possible to going up.
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Altcoin that has cheapest price that not mean the price will grow, the price will going up and bull run according to product and service that give to the community. We can see cheap coin like Doge since 2013 the price just around 50 to 150 sathosi. But if the altcoin has cheap price with strong development community, the price will easy going up. Can be one of the cheap altcoin that will grow is Silent Notary and OOT.
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Make invest in low market cap coin is good decision to make profit 10 times just in amonth, but invest in this coin will be has higher risk. Before put money in to this coin, we should be ready with the risk because possible just in short times the price going down to more than 50%. Put money in to it by not more than 10% is better to reduce the risk, and make sure to learn and understanding the fundamental of the project first.
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