Yesterday I gave a free signal under www.blockchainwhispers.com/signals
Later on the news about etf withdrawal, I decided to cancel the call to protect your funds and have you sell in small profit rather than risk bitcoin taking alts with it.
Still, many people don't understand why I canceled the ZRX call...
1) You have to learn in trading to think long term - in terms of odds.
- This was the most bearish news this year so far, and depending on the sentiment, such news can see big $500 dips. Which would make lower lows... which would make alts do what?
You guessed it.
So why did I pull you out of zrx?
Because there is many naysayers in the market - and then they come shit to me that ZRX or whatever isn't a good call, when they fail to realize trading on alts is like building a house on the sandy ground... bitcoin being that sandy ground. If it is hard for the moment, it grows big and we sell it as price of sand is almost nothing... but if it starts dipping... what happens with your house on sand?
Exactly the same thing with alts.
2) I can get you alts calls very frequently... but it seems I am one of the very few traders that have learned my lesson when top alts caused us losses because of btc strong dips. I wait for stable, ranging times to give you alt calls... and we continue carefully like this until the full reversal.
3) The yesterday's news was important, timely, just the market made a small move beause it wanted to pump up (short time frame), had liqudity above and below was already used... and I talk about short term perspective. Longer term daily and weekly bitcoin is bearish almost for sure - regardless of what bulls say. We have to see the new lows in my opinion before any bull run could begin.
This is how I see BTC:
retest of 5-6k area
dip back to 3-4k
And a proper bull run
Alternatively it can be - new lows
ranging for a while
either scenario - bull run comes after the new lows. So plan accordingly.