- Bitcoin hits oversold on the . Each time oversold is hit on this timeframe after dropping from red , Bitcoin bounces up strong.
- Price bounces from August 18 low support.
- We are moving within an ascending triangular pattern. Which is in nature (
This drop is a good opportunity to load up on additional Bitcoin for long term traders and holders.
Buy and hold long.
You can thank me after December 2018.
Thanks a lot for reading.
If we break $6,300, our next strong support is found at $6,100.
Please allow time for the charts to develop.
Feel free to rebuy and reload for long term hold.
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What does this mean?
We've seen how the altcoins market is maintaining a bullish status. Altcoin after altcoin is exploding up and we are seeing gains in the ranges of 50-100% percentage on a daily basis.
Some altcoins are generating, 100, 200 and even 300%+ in price increase in just a matter of days. After such gains, a correction is expected and it is happening now. Weak hands are being removed; a shake out.
How do I know this is just a small correction/shakeout?
Many altcoins still continue booming today, if we were to continue with a bearish bias we would be seeing all altcoins decreasing and lower highs and lower lows... This is not what is happening.
Today with have STORJ, SBD, OAX, MTH (we have open trades for all these altcoins) and many others doing incredible numbers. TIX for example is up over 100% today... And it continues.
We trade each altcoin according to instructions.
Buy in low, wait and hold... later sell on target.
We raise stop loss above buy in level after we start to hit our targets.
Thanks a lot for reading once again.
I love you... Alan Masters here, your friend.
See you later.
(I will be sharing a new Bitcoin update as soon as the next move comes)
Let me show you some of the hot ones we have now:
See you on our next update.
Thanks a lot for the support.