Bitcoin, the lows are in
Updated
4 days ago I posted the red flag and 3 days ago I posted that my trading account went to full cash. Since then we flushed down 5k and I bought back in.
To be honest, I started buying early around 12k, but I bought all the way down to 9800 on btc and my lowest order fill on ltc was 137. Those coins I bought around 10k btc and 140 ltc I sold at 11k and 195 areas. I plan to use the cash in the account to buy as we form a higher low tonight.
So,....what we need to do now is put in a higher low tonight. I am aiming for 10k, give or take a few hundred on btc. For LTC this may translate to the 150 area (art not a science).
The BTC I plan on holding longer term. The LTC I buy is for a trade as LTC usually rebounds with btc for higher percentage gains than btc.
For those of you who do not trade as actively as I do, today was a good day to buy and hold. I believe tonight will continue to be a good opportunity.
To be honest, I started buying early around 12k, but I bought all the way down to 9800 on btc and my lowest order fill on ltc was 137. Those coins I bought around 10k btc and 140 ltc I sold at 11k and 195 areas. I plan to use the cash in the account to buy as we form a higher low tonight.
So,....what we need to do now is put in a higher low tonight. I am aiming for 10k, give or take a few hundred on btc. For LTC this may translate to the 150 area (art not a science).
The BTC I plan on holding longer term. The LTC I buy is for a trade as LTC usually rebounds with btc for higher percentage gains than btc.
For those of you who do not trade as actively as I do, today was a good day to buy and hold. I believe tonight will continue to be a good opportunity.
Note
BTC was stronger than expected last night and only pulled back to 10,700. Right now we are at 11,750 and looking to hold above last nights low.
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