BCH June 2019: This could be a wild ride.
TraderNoxtreme here,
Well perhaps the time has come. We have reached a SERIOUS indecision point after 2.5 months of upside. The gains have been huge.
Lets be real.
This could really be the top of the new bull market... We expect a lot out of this space. We do not have to go back to ATH no matter how much it seems like they should. The HYPE is fierce in this sector.
BCH does everything BIG.
ATH is actually about 9k if you count the coinbase launch pump.
So we are way way down from that. Lets call it 95%
But BTC hit almost 50% of its ath ...
I'll leave it there.
What does it mean to you?
Let's say this is the top for now and we head back down. Often you get a second smaller bounce after such a giant one.
What is your game plan?
Well.
For me, I will be pretty much all in before we hit the December low. If we continue the bear market beyond that I would be surprised and concerned for the space as a whole.
As a trader I am pulling profit out AND accumulating more on the way down. This is the compounding advantage that traders have over investors.
My plan looks like this. Stopping out in profit positions while buying new positions lower. Also protecting new positions when they go into profit.
Stay calm and follow your plan.
Sorry the price levels are a bit scrunched up. You might need to zoom the chart to see.
Like and Subscribe for sure this time :)
Well perhaps the time has come. We have reached a SERIOUS indecision point after 2.5 months of upside. The gains have been huge.
Lets be real.
This could really be the top of the new bull market... We expect a lot out of this space. We do not have to go back to ATH no matter how much it seems like they should. The HYPE is fierce in this sector.
BCH does everything BIG.
ATH is actually about 9k if you count the coinbase launch pump.
So we are way way down from that. Lets call it 95%
But BTC hit almost 50% of its ath ...
I'll leave it there.
What does it mean to you?
Let's say this is the top for now and we head back down. Often you get a second smaller bounce after such a giant one.
What is your game plan?
Well.
For me, I will be pretty much all in before we hit the December low. If we continue the bear market beyond that I would be surprised and concerned for the space as a whole.
As a trader I am pulling profit out AND accumulating more on the way down. This is the compounding advantage that traders have over investors.
My plan looks like this. Stopping out in profit positions while buying new positions lower. Also protecting new positions when they go into profit.
Stay calm and follow your plan.
Sorry the price levels are a bit scrunched up. You might need to zoom the chart to see.
Like and Subscribe for sure this time :)
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