If ETHBTC Goes to 0.0276 BTC, Look For Decent PullBack Afterward
REMEMBER: We do not have as much bitcoin as we once had being mined. I'm ALWAYS trying to determine the Composite Groups means of accumulating bitcoin. One reason why alts are pumped up a higher percentage than bitcoin is to be able to accumulate bitcoin by selling those Altcoins for bitcoin on the way back down after a buying climax. We have a LOT of HODLers of Bitcoin these days among large interests; such as Gray Scale.
Block Halving reduced supply of bitcoins
Renewed interest in accumulating bitcoin by Large Interest Groups
More new people to the space only interested in buying bitcoin to take off exchange as a means to hedge during troubled economic and financial times.
More new people to the space only interested in buying bitcoin around the world to hedge against their own countries failing FIAT currency.
All I want to point out is to PAY ATTENTION to the movement of your alt-coin traded in both USDT and BTC; while also paying attention to the BTCUSDT price. It is there you will find a clue as to what the Composite Group is up to.
EXAMPLE With One of Three Likely Scenarios:
Scenario #1 From Current price to the peak before major pullback:
ETHUSD goes up 100% from the price it was a week ago ($200) to its peak before major pullback.
BTCUSD goes up 50% from current price to its peak before major pullback.
ETHBTC goes up 50% from its current price to its peak before major pullback.
Scenario #1 Potential PullBack Result:
ETHUSD Pullback falls from $415 to find support at $180 (Pullback of 57%)
BTCUSD Pullback falls from $14,600 to fill the CME Gap and find support at $9,500 (Pullback of 35%)
ETHBTC Pullback would be approximately 22%
This was ONLY to provide an example for one to try to determine by what means the Composite Groups intend to accumulate more Bitcoin. The way OMG has gone up recently, you can't help but wonder of the Bitcoin Whales have plans to accumulate a lot of Bitcoin after the peak with OMG.
Another lesson that should be gleaned from this scenario of many (above) is your Altcoins traded in USD and/or USDT will go up more (percentage wise) than your Altcoins BTC counterpart. So, why not make more percentage by trading your favorite Altcoins in USD and/or USDT?
Block Halving reduced supply of bitcoins
Renewed interest in accumulating bitcoin by Large Interest Groups
More new people to the space only interested in buying bitcoin to take off exchange as a means to hedge during troubled economic and financial times.
More new people to the space only interested in buying bitcoin around the world to hedge against their own countries failing FIAT currency.
All I want to point out is to PAY ATTENTION to the movement of your alt-coin traded in both USDT and BTC; while also paying attention to the BTCUSDT price. It is there you will find a clue as to what the Composite Group is up to.
EXAMPLE With One of Three Likely Scenarios:
Scenario #1 From Current price to the peak before major pullback:
ETHUSD goes up 100% from the price it was a week ago ($200) to its peak before major pullback.
BTCUSD goes up 50% from current price to its peak before major pullback.
ETHBTC goes up 50% from its current price to its peak before major pullback.
Scenario #1 Potential PullBack Result:
ETHUSD Pullback falls from $415 to find support at $180 (Pullback of 57%)
BTCUSD Pullback falls from $14,600 to fill the CME Gap and find support at $9,500 (Pullback of 35%)
ETHBTC Pullback would be approximately 22%
This was ONLY to provide an example for one to try to determine by what means the Composite Groups intend to accumulate more Bitcoin. The way OMG has gone up recently, you can't help but wonder of the Bitcoin Whales have plans to accumulate a lot of Bitcoin after the peak with OMG.
Another lesson that should be gleaned from this scenario of many (above) is your Altcoins traded in USD and/or USDT will go up more (percentage wise) than your Altcoins BTC counterpart. So, why not make more percentage by trading your favorite Altcoins in USD and/or USDT?
Комментарий:
MY OPINION: Altcoins/BTC pairs are the Composite Groups playground to accumulate more Bitcoin from those who are not aware the big swings actually occur in the Altcoins/USD and Bitcoin/USD pairs. You are ONLY seeing THE DIFFERENCE in those swings between the Altcoins/USD and Bitcoin/USD in the Altcoins/BTC pairs.
Yes, your Altcoins/BTC pair will go up SOME but no where near as much (percentage wise) as its Altcoins/USDT counterpart. You will often find yourself on the sidelines watching your Altcoins/USDT pair going up more (percentage wise) than your Altcoins/BTC pair you may be trading BECAUSE you are ONLY SEEING THE DIFFERENCE between Altcoins/USD and Bitcoin/USD in the Altcoins/BTC pair(s) you may be trading.
When both ETHUSD and BTCUSD find their peak of the buying climax and begin to fall. They will often fall a very similar percentage together.
For example: ETHUSD falls 20% and BTCUSD falls 20%. What is THE DIFFERENCE between those we will see in ETHBTC? A big fat ZERO PERCENT (0.0%). Yes, you heard right... ETHBTC would not budge in that circumstance. In which case, you just saw a missed opportunity to increase your capital by 20 percent...
I could continue on and on about this but I need some rest. I simply wanted to warn those who trade Altcoin/BTC pairs. I do trade them at times but only if there is not enough liquidity at the time for me to sell (dump) Altcoins for Bitcoin to then take over to BTCUSD and sell (dump) for USD or USD.
Yes, your Altcoins/BTC pair will go up SOME but no where near as much (percentage wise) as its Altcoins/USDT counterpart. You will often find yourself on the sidelines watching your Altcoins/USDT pair going up more (percentage wise) than your Altcoins/BTC pair you may be trading BECAUSE you are ONLY SEEING THE DIFFERENCE between Altcoins/USD and Bitcoin/USD in the Altcoins/BTC pair(s) you may be trading.
When both ETHUSD and BTCUSD find their peak of the buying climax and begin to fall. They will often fall a very similar percentage together.
For example: ETHUSD falls 20% and BTCUSD falls 20%. What is THE DIFFERENCE between those we will see in ETHBTC? A big fat ZERO PERCENT (0.0%). Yes, you heard right... ETHBTC would not budge in that circumstance. In which case, you just saw a missed opportunity to increase your capital by 20 percent...
I could continue on and on about this but I need some rest. I simply wanted to warn those who trade Altcoin/BTC pairs. I do trade them at times but only if there is not enough liquidity at the time for me to sell (dump) Altcoins for Bitcoin to then take over to BTCUSD and sell (dump) for USD or USD.
Комментарий:
Let me add one more thing to the following comment:
When both ETHUSD and BTCUSD find their peak of the buying climax and begin to fall. They will often fall a very similar percentage together. For example: ETHUSD falls 20% and BTCUSD falls 20%. What is THE DIFFERENCE between those we will see in ETHBTC? A big fat ZERO PERCENT (0.0%). Yes, you heard right... ETHBTC would not budge in that circumstance. In which case, you just saw a missed opportunity to increase your capital by 20 percent...
HERE IS WHAT I WISH TO ADD AS AN EXAMPLE:
When ETHUSD and BTCUSD both fall about 20 percent each TOGETHER after the peak of the buying climax, you are watching on the sidelines while ETHBTC hasn't moved much at all. Then ETHUSD will slowly begin to fall about 5 to 10 percent more than BTCUSD each step down. In which case your ETHBTC pair begins to fall drop about 5 to 10% downward. This will continue until ETHUSD and BTCUSD finds their bottom.
BOTTOM LINE: You will have missed your chance for biggest percentage gain by selling ETH for USD or USDT on that first initial 20% drop while ETHBTC is pretty much the same price.
I can go on and on how trading Altcoins/BTC pairs can distract you from PROTECTING YOUR USD or USDT CAPITAL and also distract you from capitalizing on more realized gains.
When both ETHUSD and BTCUSD find their peak of the buying climax and begin to fall. They will often fall a very similar percentage together. For example: ETHUSD falls 20% and BTCUSD falls 20%. What is THE DIFFERENCE between those we will see in ETHBTC? A big fat ZERO PERCENT (0.0%). Yes, you heard right... ETHBTC would not budge in that circumstance. In which case, you just saw a missed opportunity to increase your capital by 20 percent...
HERE IS WHAT I WISH TO ADD AS AN EXAMPLE:
When ETHUSD and BTCUSD both fall about 20 percent each TOGETHER after the peak of the buying climax, you are watching on the sidelines while ETHBTC hasn't moved much at all. Then ETHUSD will slowly begin to fall about 5 to 10 percent more than BTCUSD each step down. In which case your ETHBTC pair begins to fall drop about 5 to 10% downward. This will continue until ETHUSD and BTCUSD finds their bottom.
BOTTOM LINE: You will have missed your chance for biggest percentage gain by selling ETH for USD or USDT on that first initial 20% drop while ETHBTC is pretty much the same price.
I can go on and on how trading Altcoins/BTC pairs can distract you from PROTECTING YOUR USD or USDT CAPITAL and also distract you from capitalizing on more realized gains.
Комментарий:
This is one OBVIOUS visual of the difference I was trying to provide an example of. To know the specifics, you would need to go back and look at the price of each pair (ETHBTC, ETHUSD and BTCUSD) on the Daily instead of the Weekly like I've shown here. Do the math when you look and you will see THE SWINGS in ETHUSD and BTCUSD were larger IN THE BEGINNING than ETHBTC.
If you were focused only on trading ETHBTC pair, you would have sat on the sidelines wondering what ETHBTC was going to do while ETHUSD and BTCUSD were dumping. THEN ETHUSD BEGINS DUMPING MORE (percentage wise) than BTCUSD. Which results in the long agonizing decent of ETHBTC.
Again, this is only one example of what I'm trying to get you to see. I did not go into details with the math to figure up the percentage DIFFERENCE. Simply remember the price of ETHBTC is only the DIFFERENCE between ETHUSD and BTCUSD when researching a move from Point A to Point B.
If you were focused only on trading ETHBTC pair, you would have sat on the sidelines wondering what ETHBTC was going to do while ETHUSD and BTCUSD were dumping. THEN ETHUSD BEGINS DUMPING MORE (percentage wise) than BTCUSD. Which results in the long agonizing decent of ETHBTC.
Again, this is only one example of what I'm trying to get you to see. I did not go into details with the math to figure up the percentage DIFFERENCE. Simply remember the price of ETHBTC is only the DIFFERENCE between ETHUSD and BTCUSD when researching a move from Point A to Point B.
Комментарий:
UPDATE:
BE ADVISED.... IT'S POSSIBLE THE COMPOSITE GROUPS MAY BEGIN A QUICK SHAKEOUT AND/OR DUMP.
BE SURE TO HAVE A STOP LOSS IN PLACE TO PROTECT CURRENT GAINS.
ALSO BE PREPARED FOR RE-ENTRY AFTER YOUR STOP IS TRIGGERED AT A LOWER PRICE IF THIS TURNS OUT TO ONLY BE A SHAKEOUT AND TURNS BACK UP.
BE ADVISED.... IT'S POSSIBLE THE COMPOSITE GROUPS MAY BEGIN A QUICK SHAKEOUT AND/OR DUMP.
BE SURE TO HAVE A STOP LOSS IN PLACE TO PROTECT CURRENT GAINS.
ALSO BE PREPARED FOR RE-ENTRY AFTER YOUR STOP IS TRIGGERED AT A LOWER PRICE IF THIS TURNS OUT TO ONLY BE A SHAKEOUT AND TURNS BACK UP.
Комментарий:
UPDATE:
The 4-Day still looks bullish to me... I simply want you to be cautious at the moment. This weekend can get crazy...
The 4-Day still looks bullish to me... I simply want you to be cautious at the moment. This weekend can get crazy...
All the action is going on in the Altcoins/USDT pairs. All you are seeing in the Altcoins/BTC pairs is THE DIFFERENCE (percentage wise) between your Altcoins/USD and Bitcoin/USD pairs.