discuss
In the past 3 months (early May to the present), BTC Dominance is increasing steadily and today it has reached 48.5% (Dominion BTC is an extremely important index, this indicator shows the advantage as well. Influence of BTC on the entire Cryptocurrency Market).
Psychologically, the BTC sideway and nearly all the altcoin pedal to the bottom has created psychological anxiety for investors, most investors choose safe way to withdraw to TUSD or USDT. Others have the courage to accept altcoin loss to withdraw to the BTC or USD, some other more risky "hodl to die" altcoin.
Chart analysis BTC dated 2/8/2018
+ On the D1 frame, the price is at the support zone of 75-77, and the price has touched the psychological EMA, there is hesitation of the investors at present as well as in the next 3-5 days around this area. .
+ In the long term follow the trendline, prices hit resistance and turned down, the support area as follows: 72xx-73xx, 68xx-69xx, 61xx-63xx. If you breach the 58xx, you are likely to fall back to 53xx.
+ Who among us also want to increase the market to withdraw the capital does not play anymore, but now, to increase BTC, before it needs to reduce further, while pedaling altcoin to the bottom deeper.
+ The resistance of BTC in case of BTC increase: 77xx, 85xx, 89xx, 94xx, 99xx
WHAT TO DO THIS:
1 / Safety: 50% withdrawal of USDT. The remaining 50% hold the MOF. Lying quietly
2 / Somewhat safe: 50% withdrawal to USDT. The remaining 50% hold the MOF. Use USDT trade pair altcoin / USDT
3 / Risk: 50% withdrawal of USDT. The remaining 50% hold the MOF. Use USDT trade altcoin / USDT pair, use BTC trade altcoin short (4H frame to frame 15M per person)
4 / Very risky: still keep BTC, trade altcoin earn a living through the day (this way is not recommended for anyone not yet hand)
5 / Extreme Risk: Margin Bitmex =))
P/S: HAVE YOU KNOWED THE DOW THEORETIC THEORY, THE DOW THEORY IS FOUND AS THE FOUNDATION OF TECHNICAL ANALYSIS SCHOOLS.
AND THE CURRENT MARKET STATUS IS VERY LITTLE WITH THE DISCUSSIONS OF THE DOW THEORY, WHAT DO YOU KNOW ABOUT WHAT IT IS?
PLEASE RETURN YOUR COMMENTS!