Crypto Shopping Cart – 8 April

The problem with an increasingly busy market is knowing what to write about. As a blogger, topics start to back up in my blogging queue, jostling for position based on their respective importances and time-sensitivities. This one can wait no longer.

As I told you in “Bitcoin – What’s Happening?” on 2 April, when BTC climbed rapidly it broke thorough my manual stop-loss level at $4400. I immediately cancelled all my lower price orders and spent all of my available crypto-buying fiat on BTC. Because it’s often easier and clearer to explain using pictures:

Made by Bit Brain with TradingView

I’m

Don’t take crypto investing advice from traders

Obviously that’s a generalisation and there are exceptions to every rule. But sadly, it has been my experience that traders do not understand crypto investing. This post explains what I mean.

Old Bit Brain followers may recognise this topic. I’m not speaking about it for the first time, though I’ve never written a dedicated post about it before (at least not one which I remember!) This is a topic which usually ends up being debated in the comments sections of posts.

I ended my post yesterday with this statement:

If you are an investor then please do not follow the advice of traders

Bitcoin – implications of the rise

This post builds on what I said yesterday in “Bitcoin – What’s Happening?“. Today I will once again use a pseudo-point form style to look at the most important aspects of the Bitcoin / Crypto market and its most recent happenings.

ETFs

Last discussed in my post “A(nother) word on Bitcoin ETFs” two months ago, I have said over and over again how unnecessary ETFs are for Bitcoin or cryptocurrency success. The latest price movements prove me correct and will will prove me increasingly correct as time goes on. More on this later in this post.

Bull Trap

Yes this is a bull trap.

No you should not

Bitcoin – What’s happening?

I’m glad I got yesterday’s post published in time. Though (as always) it was my “Scenario B” that happened to play out, at least my readers can’t say that they weren’t warned about the breakout.

Recap and update of yesterday’s post:

A quick recap of what I said about the breakout scenario (before it happened) yesterday – with comments on each statement now that the breakout has occurred:

After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and

BITCOIN: at least two positive options…

Again we are in another decisive moment,  BITCOIN is reaching the latest High around 4200 USD.

Everyone
is focused on this level since it represents the expected moment to
tackle with in order to know if the market is under the power of BULLS
or still under the domination of the BEARS.

Two options
can be predicted as more likely among others, one for each one of the
“fighters” however, what I see here is, anyway, a Positive reading of
the market today.

1st Option, for longs:

After having touched the bottom, BITCOIN has completed 2 Waves and is building the 3rd up:

On this

Bitcoin’s watershed day – 1 April 2019

After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.

A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and reach new 2019 highs. This would be the real beginning of the next bull market. 

A “NO GO” situation means that BTC will bounce off resistance in the $4150 to $4200 region and return to lower levels of between $3720 and $3600.

On the charts below, the white lines are the upper and lower borders of the tapering triangle. The yellow lines are previous price movements

Crypto Tribalism

I’m a crypto investor. I’m not a trader, so I’m not looking for high volatility coins which I can jump into and back out of for short-term profits. I look for long-term projects which will increase in value at the lowest possible risk, those are what I try to invest in.

This is no easy task, but it’s one which I enjoy. Because I enjoy it and because it’s important to me, I put a lot of time and effort into tracking the crypto markets; not just price movements, but researching the fundamental aspects too. The term “a lot” is relative

Crypto Shopping Cart – 28 March

This sideways market is a great time for crypto shopping! You take advantage of the general dips to buy cheap BTC, and then every now and then you trade some of that for promising looking altcoins.

I’m finally starting to feel like my old self again, able to partake in a few of these buying opportunities myself. I did so little trading in Q2 to Q4 of 2018 that I’d almost forgotten how much I enjoy it! Well, I’m pleased to report that I’m getting back into the swing of it. Last night I was trading and logging trades until so late that

Index to Crypto with Bit Brain – Edition 2019/1

I’m doing my “Index” posts a little differently this year. Instead of trying to index every single post – TA included, I’m only doing the “best of” type of posts. This may mean that these index posts are less frequent than normal (I used to do them monthly. Okay – monthlyish), I publish them to a strict when I feel like it schedule. 

Since I have not published any Index posts this year, I have a little catching up to do. This post will be followed by another similar one in the not too distant future, probably first thing in April. I don’t want

Are you still foolishly ignoring me?

Perhaps you read this post last month: “Ignore my suggestions – at your own peril” in which I discussed the suddenly popular Enjin coin, a very good crypto which I have since shown you is “Still going strong”.

More to the point, I showed you how often I had recommended Enjin coin BEFORE it ever gained overnight popularity and shot upwards in price.

I know that I’ve recommended a lot of cryptos, but there are a lot of good cryptos out there! I have always tried to explain why I recommend any particular coin. Some of them have yet to move – like CargoX which