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RE: BITCOIN (BTC) Buy Ladder Update: FOUR Rungs FILLED and Profitable! This is the Power of Laddering!!
what do you think about using BTC right now to invest in some good ALTS?
someone said alts may take a hit as everyone will be buying BTC and selling Alts to get their BTC gold... I think that makes sense... What do you think @haejin ?
I think that's nonsense and it's the human monkey brain trying to extrapolate through perception and fundamentals of newtonian causality.
Sentiment moves in a quantum, non newtonian degree of waves under fibonacci ratios.
One needs be in btc only 25 hours or so before fork to get the forked coins.
So, no, it's not gold forked coin but sentiment driving this whole picture.
That's what I'm planning! This rise has little to do with people selling alts to get into BTC for the Bitcoin Gold fork which isn't until the 25th. Did you know that all you need to do is be in BTC 24 hours before the fork happens? People try to rationalize all sorts of reasons....TA is better.
@Haejin please say the post about sell ladders will be tonight lol
just posted:
https://steemit.com/bitcoin/@haejin/bitcoin-btc-profit-taking-ladder-haejin-s-profit-ladder
Sorry What is TA?
Hi Dale,
TA is Technical Analysis. I use Elliott Waves and Chart Patterns along with MACD indicator. Please let me know how I can help. I provide free Technical analysis of cryptos so, feel free to make a request.
So would you say that its a good time to be buying alt coins whilst they are in the red, as they should be rebounding soon ?
I'm laddering in and have been all day.
can you make a list of which coins to ladder in on? and what % of your portfolio are you putting into your alts?
So basically, instead of selling BTC. Buying alts would be smarter? even though BTC is about to dip??
As you can see from earlier post, I'm selling BTC for profit. I'm buying Alts for a swing.
The % allocations don't matter. Im laddering heavy into NEO, BCH, ZEN and others.
It's important to know that once BTC trend turns back down, Alts will follow.
so you're selling BTC for profits in USD.... and buying ALTS with USD? or using some BTC to buy ALTS?
Yes, I sell for USD cash. The deploy the cash to buy Alts. I rarely go from BTC to Alts. Trading fees are negligible.
How about Monaco? It had a bull run thanks to getting listed on more exchanges. I'm putting my money on NEO, MCO, WTC,SNM
@Haejin so once BTC starts to drop to bottom of wave IV ALTs will turn Phasic again and also drop (assuming they haven risen over next few days)?