Bleeding weekend: Stay away from your Altcoins
Hi, my Steemians friends,
Just early Saturday and we already got some bad news:
BTC is now trading as critical support range at $5800 - $6100, which was such a wrong signal. Furthermore, the market cap and dominance is not looking good also:
From those numbers, the only one thing I can say right now: Stay off all the altcoins if you intend to trade. It is not the time to purchase since the Bitcoin has acquired 50% of the market dominance why the market cap keeps bleeding.
I suspect that no sooner or later, Altcoins will have a new low, and if there is still no signal for reversal, better wait for one.
Last Opportunity to invest in big projects like Ethos, Ontology, Waves, Stratis, Nano, Nuls and many more. Its time to build your portfolio rather then selling at low price.
Sure, but I just want to invest when the reversal sign is clearer.
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STOPI still see BTC slipping down to $4500-$5000 range. Yes we have support at these levels, but we have only dropped 70% from ATH which 80-90% was the drop from ATH in the last bear cycle.
I think if we wish to be part of this industry then there is just no way we can take stress. We got to be prepared to handle all this and it also to do with the RIGHT choice. And to me, the right option is LiquidTrade.
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