Choosing the market bottom
If you read my article "Do you have any dry powder? Crytpo Sale on right now" you would have known that I hadn't personally invested in cryptos 11 days ago as I felt there was going to be more of a pull back.
I think the pullback I was talking about is here now...
At that time that I felt bitcoin under $3000 USD would be a bargain. That price is almost here however, I still think bitcoin at its current value of $3,163 USD is a bargain and I'm using 50% of my dry powder to get in now.
Another signal to buy, Clif High
I got these tweets from Clif High last night
Although Clif thought $3348 would be the bottom, I would be inclined to say below $3000 USD. As I mentioned in my previous article Bitcoin hits $5000 USD and then gets smashed (by Central Banks?) I believe that governments are intervening in the crypto markets and creating huge volatility.
Given that the Stock, FX and Commodity Markets are all so heavily manipulated, it's hard to imagine government would let cryptos, the biggest threat to their control, just go higher and higher without trying to intervene.
Government and Banks are afraid, really afraid and if you need any proof...
When China comes out to ban it's crypto exchanges and Jamie Dimon comes out to thrash bitcoin the same week, you know there is a concerted effort to push the price down.
Jamie Dimon is one of the biggest crooks in the world and as for the Chinese government, well, not only would I need to write another blog on their crimes but more like an encyclopaedia. Believe me, Jamie Dimon and the Chinese government don't care about you or your family getting rich. That's the exclusive right of the psychopathic elite at the top of our current fraudulent system.
The good news is that they can't fully manipulate the price in the same way that they can in their casino derivative markets and.... Bitcoin is a great bargain at these prices.
Should bitcoin dip below $3000 USD, I will spend the other 50% of my dry powder.
I'm going to take some profit off this trade so I'll sell at $5000 USD.
I would recommend the following trades if you invest today.
Low risk, low return
- Bitcoin (~60% profit)
Medium risk, medium return
- Litecoin (100% profit)
- OmiseGO (100% profit)
- Ethereum (100% profit)
High Risk, high return
- Neo (150%)
- Populous (150%)
Please check in with me in a few weeks’ time to see how these trades worked out :)
Please remember that this is not financial or trading advice. Trading and investing can cause significant financial losses