CRYPTOCURRENCIES
Hi guys, since Washer recently published his charts about POT stocks, I feel authorized to publish some setups in CRYPTO currencies.
I discovered this market only in 2017 (I bought my first 0.1 BTC on 2nd January 2017) and have since then diversified my gains into other well known CC like Etherium, Ripple, Steem, Dash, Monero, Golem, NEM and Augur.
Since the time I am fully invested (begginning of March), I am up some 200% .
That is the reason why I have decided to write a post on this subject: what I have made in PM’s in more than 1 year, I have done it with CC in 60 days !!!
I am very new to chartology. However the fiew trendlines on the following charts proove that the same rules apply to crypto’s.
Recently I have heard of important billionaires stating that the invested some 10% of their capital in crypocurrencies. I think CC are here to stay and that it is still a very good time to get involved ! Please let me know what you think and feel free to improve those charts. By the way: could anybody calculate the PO of the inverted H&S on the ETH/BTC chart ? It should be somewhere between the stratosphere and the moon !!
Stay safe and prosper !
Nice trade! Take some profits!
It can be tempting to take some profits !
However I have bought XRP (Ripple) at 3 cts cost averaging down after the spike out of the bullish falling wedge. Some analyst give a PO of 2 USD before year end and the most crazy price targets (from an unknown bank insider) are 500 USD before 2022 !!
Would you really want to take profits then ?
On the recent uplift in ETH I took profits 2 or 3 times. However experience has taught me that I had rather ridden the move without interruption !!
BTC new high right now. Keeps climbing. Taking profits is not the point of this game though.
Certainly an interesting market to discuss. Can you share the best markets to purchase? Are there still liquidy issues? I’ve heard that it’s hard to withdraw money from these markets but that may have changed…
Sorry I meant best broker(s) to purchase from (if that’s what they are called)…
I have an UPHOLD account to exchange fiat currency into Bitcoin (www.uphold.com) and a POLONIEX account to trade Bitcoin for other cryptocurrencies (www.poloniex.com).
I have not experienced liquidity issues since I trade only well known CC (those that have an important Market Cap).
If you would like to withdraw some profits, you can give an order from UPHOLD directly into your bank account (takes 3-4 days).
Thanks DangerMouse. Keep us posted
Those Spikes on these charts are scary !!
I have two issues with this realm.
How do you apply T/A to these issues? Since my data feeds don’t have symbols for these.
And … my take … could be wrong … is that this area is just more evidence of the Everything Bubble we’re in due to ‘free’ money from our overlords.
On http://www.tradingview.com you find all assets including cryptocurrencies. You could be partially right on your “even bricks and porks will fly thanks tu funny money”; however, I do not care; all I want is to multiply whatever currency allows me to buy more real gold and silver. You must admit: those returns are spectacular ! Where do you make +200% in 60 days if you are a beginner?