In this quick bitcoin price update, I talk about the main question I have: when will BTC test $13k once more? We look at bitcoin patterns and bitcoin momentum to discuss.
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BTC is also super over extended above the 50 MA on the weekly and looks like it could come back down to say hi at some point.
These little 10% dips and rallies are great for getting some more BTC. Sell some at the top, buy back at the bottom. Compound gains. It's all good stuff 🙂
Good video Dan
Make analysis for the wink win token please, next video
LTC&BTC ARMY!!! GOD BLESS DAN&SARAH!!!
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LTC has a strong base at $90…for those waiting for lower…good luck!
Bring on the downside because I'll be here to see the moon!
i remember July 2017 BTC was at 7-8 k and ltc was around $80 if i recall…things have to at least hit ATH's again in a few months imo…i beleive higher but i will be fine if we hit same prices as back in dec 2017…
Short term bearish….
thanj you
Bitcoin halving hype another day closer .?..?
Bitcoin will be 40k by the end of this year.
Disclaimer TLDR incoming:
Not to be critical but in a medium like cryptos where its basically instant and fees are minimal, NOT selling when you think the price is going to dip doesnt make sense. Either you trust your analysis or you dont. Its like hearing gas is going to drop to 2.20 (when its currently 3.50) and going and filling up a years worth of supply. You leave money (and a lot of money if you compound it) on the table not selling. I get why most people dont do it because if they sell at 9840 and price goes to 10200 they feel they 'lost' money. But NO ONE is that good. But if in 3-6 days price is 9560 then what? You at least have options then.
Going to LTC. If analysis says prices are going to peak 40-60 days before the halving and then see a 40-60% dip coming who with any credibility ISNT going to sell? Regardless of price points? If you really thought LTC would see sub 100 and DIDNT sell when they were bouncing around 130-140 youre an idiot, sorry. Sitting on those $20 dollar coins from Dec might look awesome but you lost so much money its not even funny. Simple math…you have 500 $25 LTC,(ave of multiple buys) that was 12500 (plus fees), you sell 400 for an ave price of 135 (multiple sell trades) thats 54K AND 100 coins. Now you sit and wait on the predicted dip. Even if you 'screw up' and buy 'too many' when they first dip under 100, you still have a HUGE cushion to work with. (and should have some stop gap sell orders in case they really go low) You should have way more than enough money to get some when they hit those mid 80 and mid 70 prices. I still have reserves waiting for the mid 60s. And the first dip was instant gratification they went from a couple buy zones of mid 80s and mid 70s right up to over 100 again. Say you bought 400 more LTC with ave price of 83 dollars. You invested ~60% of your bankroll (all profits BTW) and have your original 500 coin count from Dec. Sell 200 of those at even $100 ave, thats another 20K, so you have 300 coins and 40800 (less fees). I know all this looks easy AFTER the fact but thats how good the market has been. But its also set up by indepth analysis and price 'predictions'.
I could go on as to how you 'should' have bought again when prices got back into that 85-86 range. And maybe even be looking have sold some @ around 93.(and more if they go higher), because I think they dip again before they get to an astronomical price where you sell 80-90% of everything you have accumulated. If you have a decent analysis and can get a decent price you should have BOTH buy AND sell zones. Keep emotions and over thinking it out of the equation.
Holding looks good some times but you dont make anything until you sell. But its a believers 'market' and believers think prices will be ridiculous at some point, thats highly unlikely. IMO Dec 17 to Jan 18 was an anomaly and they took full advantage of the FOMO effect. is 20K possible again? Sure but the likelihood of it going from zero to 20K with now downslide (like it did last time) is very slim.
They speak Telegram coin will set up a record on growth among all cryptocurrencies for all history of the market, I advise to pay heed to it mygram.space
2
https://youtu.be/4sIL9JNnKh0
Strong buy…
jimmy
Thanks for the solid mindset and practical analysis!! I see 13k getting tested Feb 2020. I honestly hope its not sooner. I want a solid time consolidation to balance this 6 month parabolic move. That would be more bullish long term than am immediate run up from these levels.
Off topic. Your neon looks really good. Get that wire out of the way. Run the extension up the wall to hide it. They sell wire hiding materials at home depot and Amazon
1
Thanks ? hope btc 14 k this weekend ?? and ltc will $ 150 too .u always look great
Hey Dan, thanks for answering my query as to whether you sell on the swing highs. I sold pretty much all my crypto before the boost up at 5k btc and $40 ltc. Gutted that I ended up putting half my cash back in at 12k ;(