BTFD & HODL = Profit
Updated
In my last post, I suggested we would see a few hundred dollar dip on BTC and that it would be bought up, let's just see what happens.
This could just the A of an ABC Correction, so tread carefully, as I expect our current trading range is still a little bit lower but this is a playable bounce if your buying into things that were already in correction prior to the local top.
In particular, I'm feeling XVG right now. Come on, it's a great target price for company that not only signed one of the most profitable utility based contracts. Here's a pretty reliable source for some factual data on Mindgeek, a leader in the industry:
"MG Billing Ireland Ltd, a subsidiary of Mindgeek, a Canadian firm that counts Pornhub, Youporn, Redtube and tube8 among its porn sites, clocked up average daily revenues of $585,000 each day in 2015 and 2014. New accounts showed that pre-tax profits increased by 8.5 per cent to $3.39 million in 2015" - thetimes.co.uk
When everyone bought the news of a partnership and then dumped with it's release, it was something I wanted to target for some accumulation moving forward. When the .com bubble popped one of the most profitable sectors for the internet was, you guessed it, porn.
Recently we've also heard that was not the biggest or best news coming from XVG but it had already enticed me enough to buy into blood alone. With the security issues, it just made things even sweeter and with more news on the horizon, and monster waves, I'll be snagging bags tho.
Outside of XVG, I'm looking at snagging some BNB after I sold off last nights buy to trade for effectively free as I expect our power level reach over $9,000 in the near future.
I expect us to hang out in between the green and red horizontal lines in the image above, we will reset indicators, go through some accumulation, and eventually bust out of it climbing our way to retest the double top, or we will be dumped on by a whale in a flash crash. I don't expect that its honestly in anyones best interest to do that at this point as we've broken the major downtrend line of 2017, which indicates to a lot of people that bear season is over and it's time to go on moon missions.
I hope you took your bear mask off, put on your space suit, and BTFD but are planning on staying careful with your coin accumulation in the week to come as we could be hit with FUD, but if we do, I'd buy more there as well.
I'm not a financial advisor but I do enjoy constructive criticism so if your still bearing through this up wave, I'd love to know why?
Perma nothing,
BCG
This could just the A of an ABC Correction, so tread carefully, as I expect our current trading range is still a little bit lower but this is a playable bounce if your buying into things that were already in correction prior to the local top.
In particular, I'm feeling XVG right now. Come on, it's a great target price for company that not only signed one of the most profitable utility based contracts. Here's a pretty reliable source for some factual data on Mindgeek, a leader in the industry:
"MG Billing Ireland Ltd, a subsidiary of Mindgeek, a Canadian firm that counts Pornhub, Youporn, Redtube and tube8 among its porn sites, clocked up average daily revenues of $585,000 each day in 2015 and 2014. New accounts showed that pre-tax profits increased by 8.5 per cent to $3.39 million in 2015" - thetimes.co.uk
When everyone bought the news of a partnership and then dumped with it's release, it was something I wanted to target for some accumulation moving forward. When the .com bubble popped one of the most profitable sectors for the internet was, you guessed it, porn.
Recently we've also heard that was not the biggest or best news coming from XVG but it had already enticed me enough to buy into blood alone. With the security issues, it just made things even sweeter and with more news on the horizon, and monster waves, I'll be snagging bags tho.
Outside of XVG, I'm looking at snagging some BNB after I sold off last nights buy to trade for effectively free as I expect our power level reach over $9,000 in the near future.
I expect us to hang out in between the green and red horizontal lines in the image above, we will reset indicators, go through some accumulation, and eventually bust out of it climbing our way to retest the double top, or we will be dumped on by a whale in a flash crash. I don't expect that its honestly in anyones best interest to do that at this point as we've broken the major downtrend line of 2017, which indicates to a lot of people that bear season is over and it's time to go on moon missions.
I hope you took your bear mask off, put on your space suit, and BTFD but are planning on staying careful with your coin accumulation in the week to come as we could be hit with FUD, but if we do, I'd buy more there as well.
I'm not a financial advisor but I do enjoy constructive criticism so if your still bearing through this up wave, I'd love to know why?
Perma nothing,
BCG
Note
First bounce looked really good in the ALTs which seems quite promising for our BTFD move, STFP (Sold the Fín Peak) and waiting for things to correct to get a really solid DCA into the three coins I'll be in for now:WAN - It's got an amazing team, really low coin supply, and climbed into the top coins quickly.
XVG - The dip was mean, the partnership was profitable, and price action has been solid lately.
ADA - Worst of the three performers and I'll probably look to move elsewhere for wave 3 if we see it. Not sure where yet....gotta stare at some charts to figure that out.
Enjoy the alt runz!
Note
Coins with low supply seem to be leading this wave. Look out for gains on things like OMG WAN NEO ICX & VEN but it could end up trickling into larger supplies so no guarantees!
If my expectations are correct, we might see a nice up wave and slowly trickling through some value alt moves for today.
Note
The B upwave on BTC seems to be quite strong suggesting that this bounce is real. Stay cautious but look to buy the dip. It's right here, right now, well, after a little correction to reset indicators.
If it fails, don't stay too attached!
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