40% Returns in 5 days - The Big Drop & What to DoFirstly, I would like to apologize for being MIA during the bull run and today's drop. I have been on vacation and hanging out at a hot springs for Thanksgiving holidays.I have however been in touch with my private telegram group and we have been predicting and talking about this drop for a while. I made the most returns in the past 5 days than I did the past 1.5 months of trading. Happy to say everyone made money selling the ATH and most stayed cash until the recent drop.
BUT...Dang... I am hearing so many stories of people who bought during the ATH's these past several days. It is really really sad. With so much "dumb" money flowing into the crypto-market, it has allowed whales, smart traders, and some lucky rides to make some serious $$$ in the past week. You would think people would have heard of Operation Dragonslayer, Tether, and Bitfinex scandal or at least tried to do some due diligence on the market. So I am doing my part and trying to help educate my network to firstly, join in what will be the greatest transfer of wealth in the twenty-first century, and educate them properly to make money. Not lose it.
As you all know I have been very long on LTC. I sold at ATH 2-3x over the weekend on both LTC and ETH. I quickly traded LTC's drop to $78 and sold the spike up at $92. Yes, it requires a little bit of babying the market to make these trades, but well worth the small distraction at work. I would 100% avoid buying at the current prices. There is still more than enough energy for the dip and we should be targeting a purchase order anywhere between $70 and below. At this point is figuring out how nitpicky we need to be with our buy-in range. LTC is still severely undervalued and if you do a quick Google Search, it is hitting top charts and getting great market exposure.
Long Term Trade:
Cup and Handle is forming. Meaning...big dip...wait...and to the moon! The key here is being patient. The market is so volatile we can expect larger movements for now. When it starts consolidating, I can start to tighten up on my purchase range. I can expect $100 range to be breached in the month of December. With institutional money now flooding the market and the recent dips we can look forward to hitting ATHs at $120-130. Expect more FOMO and decline for the next coming days. Buy in close to the $70's and below. LTC generate more returns VS BTC and ETH in the long run. Buy and forget. Come back..holy shit you're rich!
Short Term Trades
If anyone is interested in seeing more of a detailed daily trades or access to my private group chats feel free to DM me. Everyone has made at least 30-45% in the last 3 weeks of joining.
Once again remove all emotions from the equation and do not be afraid to go long. It is better to wait than to take a loss and try to double up.
I will be posting on ETH soon. It has been one of my favorite coins to trade.
NOTE: Those Buy and Sell signs are not my purchase orders. Those are indicators I personally use to signal when market trend is shifting. It has a unqiue algorithm that follows market trends and has been fairly accurate. DM if intereted.
