Hai everybody...$BTC drop 100,074.14 today and push small coin to the bottom line again and it able to climb back to 107,237.35. Not much different to other coin seems they are still in the lowest territory. If you doubt with me i suggest that please monitor multiple chart then you can see clearly. Currently we cannot justify yet how high and how low it can be.
My advise dont enter the market now. It is too risky and dont hope for something that never happen yet. Market can collapse anytime and a huge loss waiting for small trader like us. If you are already loss...accept the fact and start all over again. Sell off everything when it is high. This is the world of crpto. Wait untill the price drop buy back. Monitor daily price movement range.
Back to basic...buy at low sell at high. Even the analytic got "if"...if cross the resistance move up, if cross the support move down. Forget about it. Daily price range let say 102k - 107k..wait until 102 or 103 if there were a rebounce enter the market. Patience is the most important buy at low is better than waiting for a spike. If the price is above wait for the retreat. If the price at the bottom wait for the progress either down further or make rebounce. Just use a support and resistance to enter the market.
Forget about any coin project...that all useless. Just monitor the graph of BTC. Your graph worth nothing without BTC uptick. Lately i realised that the ratio of BTC to other coin differ too much and unfavourable. What to do cannot complaint just follow them if you still want to invest.
Things to aware when its too high:
a. Taking profit activities
b. Rate cut
c. whale activities (pump and dump)
d. Short division (loan and sell BTC)
e. Laws enforcement
Dont simply believe the news and propaganda. Smart trader buy on romours sell on news.