Personally I think that any successful trader will not give you any free advice to you. But you can learn knowledges about trading by yourself. Of course it takes more time, but it is really work. First of all you should start from learning theory, technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street". Also I like "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan. All materials for it, especially about technical indicators you can find from internet or youtube for example.
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Hi everyone ,
It seems like everyhing turned into red and we don't know where the bottom is ... when this is gonna stop .. WHAT DO YOU THINK??
This is too difficult to predict exact periods of time, but IMHO the market will continue to go down until Bitcoin will get its bottom under $ 2K in the end of May 2019. But till that time I am going to trade through leverage and try to find to open short positions. I just try to earn money on any market (green or red).
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I have this assumption that we may be having another December bull run, though may not be as high as we had last year. Bitcoin however have maintained a very good support level around $6000 since this year and there is no sign of breaking lower.
Sampling opinions from various investors show that there is this excitement and anticipation of another end of the year bull season and aside TA and FA, the market is equally controlled by the investors psychology and with this whole charade of an expected December bull season, I am of the opinion that it will likely come as a lot of persons are already waiting as we have a large number who are "for" than those "against".
IMHO right now Bitcoin price is close to breaking down at the base of the global triangle on its daily chart. So personally I expect to see continue of bearish market. I think that by the end of this year we will see Bitcoin price under $ 4,5K.
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Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?
The whole market correlates with Bitcoin because main operations are made with Bitcoin and almost all altcoins have trading pairs with Bitcoin in exchanges. So this is natural that falling of Bitcoin price negatively effect to altcoins.
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In cryptocurrencies market, especially in investments in ICOs you should always invest only that amount of money, which you can afford to yourself to lose. Also always invest according to principals of diversification and money management. Also before investing you can try a deep study of information about the project. There are many materials how to do it. There is no any universal way for it, but first of all as it was motioned above you can learn ICO ratings, but you should know that these rating often ratings may be fake. That's why learn whitepaper of every ICO, try to understand what problem can solve technology or product is offered by the team. Also very important to learn information about team members, their experience and beta codes of the product, if it is possible of course. Don't believe to anybody, make your decisions based only on your own research on the ICO. But personally I like more just to trade, especially through marginal trading and get quick money.
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Its been about 8 month since we are in bloodbath. market has not shown any signs of recovery till yet. what do you think that what december will bring to us.. ?
Personally I think that this downtrend will continue even till the middle of the next year. IMHO we should be patient and stay away from any investment in cryptocurrencies right now. It is better to short now.
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Found some technical analysis taken on ethereum and with the report, it is looking real good as it seems ETH has prepared to take on the train and prove itself once more that it is th king of alts. Well, lets hope the TA becomes real and we see our dearly ETH come up once again.
Don't believe to anybody. You should have your own opinion about this question. Half of traders will tell. you that ETH will start to go up soon and another half that it will go down. Study about technical analysis and make your own decision using stop loss, money management and diversification.
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Almost everyone talking BULL will come back at end this year like last year.
I hope so, because me and everyone here diving under the sea for 9 months and still don't see light the Sun.
Last year, bitcoin has increased from the beginning of the year to the end of the year...And this year is quite the opposite.
Or maybe We have been waiting so long... so that we are delusional to something that is not real.
Unfortunately I don't think that we will see ant bull run in this year. The market will fallow Bitcoin and it will continue to fall until Bitcoin will drop under $ 2K. Only after it will happen approximately in the middle of the next year, the market will begin to recover.
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I think that governments against cryptocurrencies, especially governments of the countries with developed and strong monetary policy, because right now adopting of cryptocurrencies to their financial systems can cause damage to the economies of these countries, because of scams, frauds and instability cryptocurrencies. But IMHO in the future, when this sphere becomes more regulated, governments will approve using some strong, stable and developed cryptocurrencies. But it needs a little bit more time.
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I am absolutely sure that the market capitalization will fall below than $ 100B by the end of May 2019. I think that by that time Bitcoin will crash under $ 2K. So then I expect that after such hard correction in the second half of the next year the recovery will begin.
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I think we should be more careful. Because IMHO this downtrend will continue and we will see hard crash of the market by the end of this year. Moreover I expect that Bitcoin will drop below $ 2K by summer of 2019. So don't believe to this short correction of the downtrend, be careful, always first of all protect your money.
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i am a newbie .. please show me the investment. I have 700 usd
Actually it doesn't matter how much do you have to invest. It is more important what and when are going to buy. If you don't have enough experience it is better to wait for the second half of the next year and then to buy Bitcoin or Ethereum for long time on cheap prices.
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As we can see now holding is not smart strategy to get profit. Only optimized trading system and very short trades can provide as with an opportunity to earn money. HODL is not suitable now anymore.
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Last year we had a great run. Despite the downs in the beginning of this year, I still believed that by the starting of October, the will be a good run, but I don't see anything of significant improvement. What do you guys think?
Unfortunately I can't agree with you. Because IMHO Bitcoin price will break great triangle to down and it will continue to fall. Of course the whole market follow Bitcoin and also will go down.
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Personally I expect that this downtrend will continue until the second half of the next year. So according to technical analysis I think that we will see Bitcoin price under $ 2K. Only after this will happen, recovery will begin.
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Manipulators always want one thing - to move the market in the right direction and thus earn as much money as possible, buying cheaper and selling more expensive. It should be remembered that they only manipulate the mood of the crowd. Therefore, without having too much capital, but by tracking such fluctuations in the mood of the cryptocommunity, we can also earn.
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Firstly, a large amount of money is withdrawn from the market at the moment. Secondly, the market is already so “fed up” with this news that the market no longer reacts to it. Accordingly, now the mood of the main holders and traders are changing from other more relevant news.
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In the current conditions of falling market and age of scam ICOs, investing in any ICO will be too risky. Of course you can carefully study ICO, I which you are going to participate and you will even get profit. But it will be happy very seldom. So it is better to trade. I think you will be able to earn more in this market through opening short positions.
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Now Ethreum with the market follows Bitcoin and goes down. According to technical analysis downtrend of Bitcoin price is not ended. So we also can expect that Ethereum price will continue to fall. And as I think it will drop below $70-80.
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IMHO this global downtrend of the market will continue until Bitcoin price fall below $ 2K, Ethereum under $ 70, Bitcoin cash lower $ 150 and etc. by the middle of the next year. But this just trend. And this downtrend will be replaced by the uptrend and we will see new great bull market by 2021.
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