Strategies like these, on major currency pairs. Are netting me huge gains in BTC on bear market days. I firmly believe that while BTC is over bought at the moment. It will eventually start to go up in value. Because the coin is being rigged by whales. And they want the coin to go up in value for them self. So they will just bring the price up once it hits a lower low. We don't know exactly what that low might be. But we can tell you how to play it as it comes.
This is a good trade that I run every time a major currency pair starts breaking a resistance line in a down trend. The current status is that the coin is moving sideways and will break some time soon. The MACD is confirming this trade as downward momentum. We are also able to see the shooting star dogi at the top of the previous break out. Indicating a trend reversal.
On the other side of the equation. We are seeing BTC also being over bought, and starting to head towards 0 on the MACD line. This also indicates a downward trend with BTC. As a result the whole market will usually go down in value with it. As BTC goes down, and people who are investing. Exit the market, you also usually see people who are invested in ETH, Exit towards the ETH/USD.
So we are heading towards another bear market. As of 2/21/18 If you want to play it safe. In my opinion you should start buying dollars now.
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