So, since yesterday, the prices in crypto have plummeted once again. How should you feel about that? I'll tell you how. Over the damn moon! That's how! As I've been aware for quite a while now, the BTC level to watch is most definitely the $6,000 mark. Understanding that BTC is (and may be for some time) the common denominator for all other movement in the crypto-verse, is fundamental to planning your next move. Bearing this is mind, the only analysis you need look into, really speaking, is BTC. All other cryptos are guaranteed to follow suit.
Now, please trust me on this. A huge opportunity just presented itself yet again with this drop. And here's why. There is a good chance the $6,000-$5,800 level is the absolute bottom before the next bull run up. So if you are pondering over whether or not to expand your digital currency portfolio, now is a golden time to jump in. Just remember to keep these key factors in mind:
1) The closer to that important $6,000 mark, the better positioned we are to buy up some crypto (as all other markets are following the leader, that is BTC).
2) If prices get in-between of $6,000-$5,800, this is a absolute screaming buy across the board.
Now, "if" price breaks down through this ultra strong price band, we are most likely headed down towards the $3,000 mark. Disastrous? On the contrary. Look at it as a second chance to average up your portfolio and apply the same rule set as above. The nearer price would get to $3,000, the better buying opportunity we all have.
The above strategy is all you need. An all-in-one solution. If you follow my advice, chances are you'll make it big when the inevitable bull run finally comes round. And the main reason I'm posting this is due to the fact that we are now getting close to those beautiful "buying" levels. $6,400 is not that far away from the critical $,6,000 support level so you should be mentally preparing yourself to start positioning wisely to add more to your crypto portfolio, if you so wish to...
Just follow the instructions highlighted and you will do phenomenally well. We've already had a substantial drop across the board and prices are now at their extremes. But time is of the essence and this cannot be underestimated enough. When the markets let go of this stretched rubber band, hold on to tight because the rise "will" be of epic proportions.
Best of luck, everybody... :)
The price probably won't drop more than 5800 because that would mean that the price of electricity to mine 1 btc would be more than the worth of 1 bitcoin, i'm buying as much as i can at this level, living like a monk to increase my portfolio, selling most of the stuff i don't need, sold my xbox 360 yesterday, got 75 bucks out of it that are already in the market, going to keep increasing my bags, sooner or later one of these drops is going to be the last one, when that happens we will moon again :)
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You bring up a valid point, bro. I also love the technicals and the "crypto" related ones have yet to fail me. With these odds presented right here, we're almost in "no-brainer" territory. Buy and hold is the name of the game right now. Looks like you gonna make a killing, bro... :)
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You know what is bad ezzy... is that everytime i buy cryptos the market drops xD i think i have a magical power, last time i bought the market dropped to sub 6k, this time the market dropped from 6800 to 6400 just a few hours after i bought in, I really have magical powers xD i wonder how i can monetize my abilities...
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Well, if you get in now, watch them powers work "overtime" when the bulls arrive. It won't be long now... :)
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"BTC leads the moves" will be true until it suddenly isn't. Remember that BTC has only led the market since summer 2017. From January 2016 until then, ETH was the token that usually moved first. It's only been a year of Bitcoin regaining this status, this can and will change again. Markets are anti-inductive, the more people believe BTC leads moves the less true it will become.
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I hear you, buddy. But for now, BTC is leading the way. If that would change in the future, we'd see it and simply tweak our strategy. : )
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Let the feast begin!!
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Couldn't have put it better myself. :)
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Thanks for your advice. I was looking forward to buying some bitcoin after the recent down but was sceptical. But I think I'll buy it anyway now.
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Stick to the levels I highlighted and you'll be fine, man. :)
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You may be right @ezzy But I think there are some more factors which can boom the prices like opening of ETF and global acceptance of Bitcoin under regulations.
SEC has opened the forum for public opinions after filling the application by CBOE for opening of ETF which can bring more billions to the market . That can bring real Bull run.
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An ETF announcement should help big time with prices. And another good thing is the "hype" whilst ETF is on the horizon, should push prices up way before it's even been implemented. :)
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Agreed! Waiting for that to happen. Feeling positive for upcoming months.!
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Good stuff! Without giving "financial advice" do you have other crypto favs that you're loading up on or are you a "steem maximalist"?
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Well, I'm a "steem maximalist", in as far as that particular coin makes up most of my entire portfolio and I'm not just sitting there, looking at some number in a wallet telling me how many I own. "Steem" coins are actually... Dare I say, fun! :)
When the markets turn, which ever coin you pick, will mostly likely go up. It just depends by how much. But I haven't got too much invested in other crypto...
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That is the beauty of Steem - it's got so many use cases and these are increasing every day. Tis a great token and more and more of my investment is shifting toward it.
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FYI, there's typo in the title.
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Are you sure its time the bear again ? all analyst are predicting 7000$ and than some bear. If you have studied the chart please make is clear i want to know if the market is now bear.
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Nobody knows when the bear market is over. This post is about applying a strategy to cover yourself for the reversal. But probability is highly favourable in regards to the bottom being in. Now all you need is patience and let the rest play out.
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yea you are right bro it's Fantastic Oppoturnity In Crypto right now
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Without a doubt. :)
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Thanks for this post @ezzy and advice I think it's great, I was thinking whether to buy bitcoin or not but I think I will
Happy day
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@ezzy buddy i am already holding good amount of Crypto but still looking to buy more.. as this is a discounted price.
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We can not leave for this opportunity @ ezzy, steemit is the best thing that could have happened to me
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Some good advice @ezzy, because as far as I can tell, BTC trying to go below $5k is like drilling through titanium. I am convinced that this is the bottom for BTC and most other cryptos on the market. One good buy I'd like to mention (for those that aren't aware), is Ethereum Classis (ETC/BTC). They just got picked up by Coinbase and should be listed on their market very soon, so buying this token should be highly considered, but that's just my opinion. Do your own due diligence, of course. Sell the hype / Buy the panic. Great post OP!
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