These are exciting times! BTCUSD has been charging north up to 10,000 - and into a zone of structure. Nerves may set in. People have forgotten about the ALTS where there is now 'blood on the streets'.
I review a bunch of ALTs where nobody would want to invest.
Disclaimers: This is not advice. Your losses are your own.
Important things could be happening in cryptosphere in the next few months. I think TRON (TRX) may be in a position to bounce north.
ALTCOINS could be back!
Of course it can always bounce south. Those who can't stand losses should not be doing trading.
In this screencast:
1. I explore what Bitcoin and blockchain are - and what they are not.
2. I explain the similarities of blockchain to what banks do.
3. I show where there may be opportunity for a controlled loss*.
* Those who follow me will have seen that I refer to controlled losses quite a lot because that is ultimately what trading is about. Overall,...
This is BEYOND technical analysis!
YES - I'm saying that it's time to move away from BTCUSD, even though there was a big pump recently. Eh? Yes - although the market reacted in a way that I expected in previous vidoes, I'm saying that from an investment perspective:
1. It's too expensive
2. It's too risky.
So why am I saying what I'm saying? You'll have to...
Whilst a whole load of people are preoccupied with Bitcoin and Ethereum, there is something of a rumble happening in other parts of the cryptosphere.
A whole load of so-called altcoins have taken off on daily time frames. I show only a small handful that I follow but on big exchanges many 'unknowns' are moving well up north in daily trends.
I speculate that...