Subtitle: Using Bitcoin's Price Action as a Buy/Sell Guide for Alt-Coin Trading
By Michaelson Williams, TSX, author of YOU ARE ILLUMINATI, Trainwashing: The Secrets of Positive Brain Washing, True Success Naturally, The Legacy Wife, and more...
If you trade alt-coins, and I would have to say that it is more than likely there are more crypto investors trading alt-coins than Bitcoin, you should be using the Bitcoin price to help guide your trades.
This is not financial advice. My articles are based on general human psychology, which I have been a student of for many years, so take it with a grain of salt or pay attention to it—it's up to you.
Seasoned crypto traders are likely already using the Bitcoin price to gauge some, if not most, of their buys and sells in the market. Although the window of opportunity can be very short, traders who observe the crypto markets at the right time can successfully buy and sell on the back of Bitcoin's price movements.
This idea is completely different from "buying the dip," which both amateur and seasoned crypto investors should fully understand. If you're a crypto trader, then you know exactly who Michael Saylor is. Saylor, a Bitcoin super-maximalist, is probably the most well-known Bitcoin dip buyer on the planet—arguably.
It's reported that Saylor, of Strategy Inc. (formerly MicroStrategy), bought 1,550 Bitcoin during the latest dip near $60K, worth around $101.3 million. These numbers, of course, depend on where you look and what timeframe is used in your research, but you get the point. Saylor will either go down in history as a complete crypto genius or as the biggest fool in the world. I'm hoping it's "genius" because if he's remembered as the Bitcoin Fool, we have much bigger problems.
In my humble opinion, the future price of Bitcoin and the success of crypto trading are going to depend heavily on factors that probably no one is paying close attention to: U.S. relations with Israel.
I know you're probably thinking, "What the heck does the U.S.-Israel relationship have to do with the price of Bitcoin or alt-coins?" Well, I'll tell you—but not until my next entry.
You're not going to believe the dots that I've connected. I'm deep in this space as a researcher, so give the ideas I present a bit of time to sink in before allowing your mind to automatically reject them. Don't allow emotions to override critical thinking and your own research.
Trying to prove me incorrect—which I welcome—gets all of us one step closer to the truth.
Written by Michaelson Williams
Creator of The MichaelsonEffect
Author of YOU ARE ILLUMINATI - Psychological World War III
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