If you read my Sept 13th post I said "get rid of losers not your core holdings". Get that wallet trimmed up with only thoroughbreds is what you do during corrections. Cash is going to be king soon and as I posted I closed out all my trades prior to this pullback in altcoins. Nothing like sitting on cash when it's black friday!
I like NEO here and have added a small position and will look to add another position or two as the market unwinds. I was willing to pay $35 a month ago and as corrections unfold I think we are getting near the bottom as the NEOBTC chart shows. Almost 20% down from my initial entry.
I also like OMG here and have added the same! I am monitoring other coins but I feel comfortable adding these two in a small increments to accumulate for the long term.
Again this is not a short term trade this is part of my long term holdings, so though I am aware of the market conditions, I do not care once I enter. Hence coming in in small blocks!
THIS IS FOR LONG TERM INVESTING!!! I KNOW I MENTIONED AT LEAST TWICE SO IN ONE WEEK I DO NOT WANT TO SEE "OHH YOU WERE WRONG"!!!! READ THE ARTICLES IF YOUR GOING TO COMMENT!
Bình luận
⋅
Please note I added a little more to each as they hit our ideal price target for adding. I am still holding 50% of the total allocated for each of these, to see how things evolve. Money management is critical in corrections cycles. There is no all in investment level here, you buy as we go!
Here another NEO example. It just looks like when it's in a narrow market it more often go down than up. I'm not a professional trader, so maybe someone else have a opinion about it?
@CryptoPredictions, They are continuation patterns generally not trend reversal patterns, same with flags. I want to say like 63-65% and then if they pullback it reduces the prob
gillianpatrice
⋅
I love your analysis - I always read what you post and thank you for your contribution.