I did a post November 2nd , why, how and when whales pump prices and manipulate big sell offs.
Although the first sell off on November 8 was smaller than I expected (went down from 8k$ to only just under 6k$) and didn't last long (only one day), it happened.
Also the one we have seen last 2 weeks I predicted, ok this one was bigger (50% dropp) and lasts a little bit longer than I expected. It happened.
Now we have to wait for new highs (I don't think it will be All time highs for all the coins) but close to the ATH we just had (BTC 18k$, LTC 300$, ETH 1300$, XRP 3$) before we can expect an other sell off somewhere first or second week of March. I think the one of March will be just a small one (30-35%).
So 800+ who read this post (way more than I expected) know what I think what will happen (and why) the next 2 months.
BTW I expect this weekend a small drop in prices to 10%-15% above the last lows before the mayor coins start to make climb to new highs.
Good luck
Although the first sell off on November 8 was smaller than I expected (went down from 8k$ to only just under 6k$) and didn't last long (only one day), it happened.
Also the one we have seen last 2 weeks I predicted, ok this one was bigger (50% dropp) and lasts a little bit longer than I expected. It happened.
Now we have to wait for new highs (I don't think it will be All time highs for all the coins) but close to the ATH we just had (BTC 18k$, LTC 300$, ETH 1300$, XRP 3$) before we can expect an other sell off somewhere first or second week of March. I think the one of March will be just a small one (30-35%).
So 800+ who read this post (way more than I expected) know what I think what will happen (and why) the next 2 months.
BTW I expect this weekend a small drop in prices to 10%-15% above the last lows before the mayor coins start to make climb to new highs.
Good luck
Comment:
Like everyone noticed prices of the mayor coins dropped sunday and yesterday to 10-15% above the latest lows. All my buy opportunities were triggered and now it is waiting when they move up to the green zone.
I don't expect that BTC will do much better before January 27th and I don't expect that all my new orders will be in the green before the end of the first week of February.
For the ETH holders, be aware that ETH is going to fork one of the coming days and that the recent price drop is probably forced so you would sell your ETH before the fork and you loose the free coins you receive ones the new coin works.
I guess that the value of that new coin will be in the same range as BCC/BTC. So somewhere between $50 and $150 a coin. So your ETH is worth about 10% more than you think right now.
I don't expect that BTC will do much better before January 27th and I don't expect that all my new orders will be in the green before the end of the first week of February.
For the ETH holders, be aware that ETH is going to fork one of the coming days and that the recent price drop is probably forced so you would sell your ETH before the fork and you loose the free coins you receive ones the new coin works.
I guess that the value of that new coin will be in the same range as BCC/BTC. So somewhere between $50 and $150 a coin. So your ETH is worth about 10% more than you think right now.
After monday I expect prices will rise to reach new highs at the end of February, don't think they will go up in a straight line, so expect higher highs and higher lows, by the end off February/beginning of March it will be time for selling some part of the portfolio at the highs and wait for new big sell offs to re-enter the market.
Be aware:
1) Never trade more than you are willing to loose
2) Be patient, the possibility for fast revenue (20-30%) is high, but don't expect that it will happen the next day or week.
3) Never expect that the price you buy your coins for is exact the lowest price the market will go, you should be satisfied that you get in and out in a 5-10% range of the lows and highs. So chances are high (99%) that prices will go lower when you just bought some coins and prices will go higher when you just sold your coins.