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Smartcash

Bitcoin - $7800 Here we come, or do you really like a sale? I believe Bitcoin is still in an overall Bull Market. However as long as we stay below the 200 Day MA, I feel we are in a short term Bear condition. BTC is about to cross the 50 Day MA to the downside, if it does, we are pretty much locked into a decline to $7800. It is from $7800 that I feel we have the first real chance to break the downtrend and move up to 10,200 then 11,600 before we have a new set of challenges to go even higher. Presently my plan is to start buying at $7800 in increments. On the downside, if we break $7800 we might be looking at the area of the 365 day MA and or the lower ascending recovery line $5,428 in Nov 2017 touches $6001 Feb 6th and continues up to the general area of $7000 at the present time. A breakdown on the $7000 area will likely take us back to $6,000. This is for information, I do not look for these prices to be tested. I think that the 7,800 to 7,600 area is much more likely to be the bottom of the current Bear trend. What I hope to confer to you is, That I'm keeping my powder dry to have some cash on hand, I plan to buy on sale. Don't lose your patience and don't buy in all at once. I always plan to divide my cash into increments and buy in as the price drops with an eye on the possible areas of support I've just outlined. Then I plan to ride the elevator up to the resistance levels of 10,200 and or 11,600. Never forget, that all the above have a direct bearing on Altcoin prices. I'm also buying Altcoins as prices fall with similar targets. Bitcoin price levels are strong indicators of the direction of Altcoin price movement, but not necessarily the magnitude of the price movement. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter
UPDATED: As Bitcoin Drops Buy AltcoinsUPDATED: As Bitcoin Drops Buy Altcoins This follows on my chart from a few hours ago. The 21 Day MA has been breached to the downside. There is some support at 8534 on the Fibonacci. Then support at the 50 Day MA around 8300. If 8300 is broken then next support is in the area of $7600 where there is Fibonacci support and the turquoise dotted line that represents the bottom of the rising trend which is months old. I have been taking my own advice and buying some alts as this downtrend continues. I have said in the past that a pullback to the area of 7800 would be healthy for BTC in order to move up in the 5th wave of the Elliot cycle. It looks as if the downside target has the potential to reach 7600 at this point before rebounding. A rebound from the area of 7600 to 7800 will set Bitcoin up to make a move to the area of 10200 and then if all is well 11,600. These numbers are not exact, they are derived from technical analysis not a crystal ball. I previously said I was buying quality altcoins as Bitcoin drops in price. The rebound will favor much higher profits in quality Altcoins. Again my most favored Altcoins are as follows: Verge XVG Lumens XLM DASH ARK Cardano ADA Golem GNT LISK LSK SmartCash SMART Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter
2
As Bitcoin Drops Buy Quality AltcoinsAs Bitcoin drops in price use this opportunity to buy quality Altcoins such as those I've recommended in the past. The coming recovery from the current Bitcoin drawback will be magnified in quality Altcoins. Verge XVG Lumens XLM Dash ARK Cardano ADA Golem GNT LISK LSK Check out a rapidly upcoming coin not yet listed on TradingView or major exchanges, SmartCash (SMART) it can be found on a few smaller exchanges, and on the decentralized exchange Crypto-Bridge you can google for it. SmartCash has over 13,000 (YES, thirteen thousand) masternodes already online with transaction times less than one minute for only a few cents. Smartcash has a very attractive masternode program, a monthly payment of dividends on holding the coin, they are about to release a payment system that will be usable by merchants with a cellphone app, using a "debit card" you can print out on your home computer with a QR code that will deposit fiat to the merchants bank account bypassing Visa and Mastercard. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter