#Bitcoin, #BTC - My current stance As mentioned in my last post: "Direction still unclear. Because of the latest events, which appear to be strong market manipulation, it is difficult to determine the current path."
Any analyst to strongly suggesting a position either way (Long or Short) isn't giving safe advice.
However I understand that some still seek advice and are worried, so here is my suggestion for now:
[Note: This is mostly for Twitter where people follow me for advice. I am just copy and pasting most things here also, in case it's useful to any traders. :) ]
1) Prices have stabilized for the past few days, we aren't actively in "freefall", and I don't expect us to, within the next day or two at least. Consider converting $USD/T back into $BTC, and trade in Altcoins for the while. I believe you can grow your BTC assets better this way for the moment.
2) If you want to remain mostly in BTC/USD, consider my previous suggestion, of playing it safe. 50/50, BTC/USD. This should negate/minimize losses occurring.
One cannot always predict with 99% accuracy the next direction a market will take, however, we can plan with calm and analysis, the safest options available for the moment.
We've navigated through these past few days very well, I'm glad to see that many have profited, hopefully many gaining $100's/$1000's per day! :)
Now I must get back to business work, so my posts will be less frequent. Best of luck!
(Update) #BTC / #Bitcoin is showing mostly bullish (upward) behavior recently. It's attempting to breach $9000, and possibly beyond that. So consider going Long/Buy (stick mostly to BTC and Altcoins) for now, but like I said, the market is showing mixed signals, being manipulated, so I can't call anything with high precision at this time.
That's really interesting Andrew. Clearly I need to diversify my portfolio and branch out into the crypto currency market. Thank you for your knowledgeable consultation. Can we keep you on the books for a follow up review in let's say.... 6 weeks?
