Bitcoin/Altcoin Trading Strategy for Quarter 4
It appears the 4th Quarter (October, November, December) was typically down for ETHBTC. While BTCUSD was up for the 4th Quarter of each year DURING A BULL TREND (NOT Distribution; such as 2014 and 2018). I'm referring ONLY to times of Accumulation and Re-Accumulation; NOT Distribution. During times of Distribution, it was not a good time to be in ANYTHING in regards to "INVESTMENT." Yes, you may be in and out during a bull or bear market if you are day trading. However, I'm referring to LONG TERM INVESTMENT.
So, during a "bull" trend in the months of September, October and November; it is better to be in Bitcoin according to history. Once December rolls around, it's time to consider using some Bitcoin to get into AltCoins.
Hope this was helpful...
Happy Trading Everyone!
Stay Awesome!
; )
So, during a "bull" trend in the months of September, October and November; it is better to be in Bitcoin according to history. Once December rolls around, it's time to consider using some Bitcoin to get into AltCoins.
Hope this was helpful...
Happy Trading Everyone!
Stay Awesome!
; )
Komen:
Checkout KNCBTC @koryu publication. It's excellent TA... Also may give insight into what I was saying in my video in regards to Alts that are traded in BOTH BTC -AND- USD or USDT. KNC is traded only in BTC on Binance and NOT USDT or any other "Stable Coin."
Komen:
Comparing BTCUSD to ETHUSDT and ETHBTC during a similar time of year (Fall with transition into winter in the Northern Hemisphere).
Komen:
The previous chart was an example of what I mean by ETHBTC may go up initially in the beginning along with ETHUSD and BTCUSD. However, for those who are looking to trade ETH only in BTC and not USD; they will find out it was a Bull Trap. They will end up sitting on the sidelines watching ETHBTC and ETHUSD go sideways for a bit while BTCUSD goes up. Then shortly after witnessing that, they will see ETHBTC begin to drop in a slow bleed.
All I want to convey in my analysis for ETHUSD and ETHBTC "LONG TERM" Analysis is you can anticipate a brief upward move along with BTCUSD once Bitcoin has found bottom and begins moving up. However, do not be surprised if ETHUSD loses steam while BTCUSD continues rising. This will result in ETHBTC going down while ETHUSD goes flat and BTCUSD continues rising. It will look like ETHBTC is in a slow bleed.
All I want to convey in my analysis for ETHUSD and ETHBTC "LONG TERM" Analysis is you can anticipate a brief upward move along with BTCUSD once Bitcoin has found bottom and begins moving up. However, do not be surprised if ETHUSD loses steam while BTCUSD continues rising. This will result in ETHBTC going down while ETHUSD goes flat and BTCUSD continues rising. It will look like ETHBTC is in a slow bleed.
Komen:
ETHUSD "could" potentially go up "with" BTCUSD to $215 eventually. However, this means if "both" BTCUSD -AND- ETHUSD go up similar percentage, then ETHBTC will remain the same. Which means it still would have been fine to have got into BTC for the long term.
Once ETHUSD makes it to around the $215 price range, it may remain flat within a relatively tight trading range while BTCUSD continues to go up. It's at that point in which ETHBTC will begin to go down in BTC value and remain the same in USD value.
This looks similar to my XRPBTC/XRPUSD publication; in which I said XRPBTC is a bear trap and XRPUSD will go up with BTCUSD for a little while then go flat or fall WHILE BTCUSD continues to go up.
Once ETHUSD makes it to around the $215 price range, it may remain flat within a relatively tight trading range while BTCUSD continues to go up. It's at that point in which ETHBTC will begin to go down in BTC value and remain the same in USD value.
This looks similar to my XRPBTC/XRPUSD publication; in which I said XRPBTC is a bear trap and XRPUSD will go up with BTCUSD for a little while then go flat or fall WHILE BTCUSD continues to go up.
