…into the Massive Mountain

All it takes to make money off of these markets is an understanding of the forces at play. People are making massive stacks of BTC by playing the game right. They are paying attention to the direction that large Volume is trading. This is still the wild west of the internet, let’s ride in together.

We need to understand why ETH and LTC trade in massive volumes if we’re going to capitulate on them. They’re the most “liquid” altcoins that have money constantly going in and out. The higher volume means that you can cash out when it’s time, or in an emergency. Leverage markets mean the price moves gradually, until it doesn’t. Everything in this market is a self-reinforcing spiral. If you’re going down, you go down hard and fast. The coins that trade more than $1Million/day stay that way because when more money moves in and out of a market, more people can make money off the zero-sum game.

Day to day traders are the usual losers that pay high amounts in fees and chase very small percentage gains. We are searching for mild pumps that excitable traders join in on to make a quick buck.

So how do we get a taste of the action? How do we ride to the top of the massive mountain? Patience, and making sure that we pay attention to directional volume. When there is a big sell, the next day there can be a percentage increase because there’s an immediate supply glut on the ‘sell’ side of the books. Don’t be fooled by the green numbers. There was a big sell because smart money knows the price is still going down.

Wait, and then wait some more. Accumulation periods take forever to begin after the beginning of a decline. Accumulate at a range of prices and over a long period of time. You will be greatly rewarded when the pump comes.

 

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One thought on “…into the Massive Mountain

  1. First off, I’m really glad that you’re back after your hiatus. I kept checking a few times a week to see if you were posting.
    Secondly, are CANN and DOGE still in accumulation mode and are you still predicting a price pump as you were in October? I’ve backed off a little from my positions, but I’m still holding about .25 BTC in each coin.

    Again, welcome back!

    Like

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