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#41 CLK

CLK

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Posted Today, 08:05 AM

This looks bearish to me here. Daily MACD is high and rolling over. I think there is risk here down to the $4,000 area

and maybe even due for another 75-80% correction, if that happens then it would take months to recover.

Alt coins might outperform but not until Bitcoin stops selling and the trend turns back up. So it looks to me like

everything drops except a scattered few tokens that do well. Next buying opportunity mid to late November.

No matter if price corrects sideways or down, daily MACD needs to get near or below zero for a good buy point.



#42 AChartist

AChartist

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Posted Today, 11:14 AM

except if Sep was all of W2 should not go below ~5000 again I would guess drop from 6888 is only to 5100 max.

since I cant beat it I just do cost averaging through coinbase and hold but will watch for one more drop from 6888 for a

good buy. Vertcoin was good one too late to chase now but will watch.

I will update cycles tomorrow see what a likely time for a low is I am away from home now. The cycle has worked for

low timing but highs are usually extended cant use for highs as well, highs are actually explosions and then a high.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan