All Major coins have dropped a lot.
It's very irregular.
I surveyed this so updating this article was late.
As a result of the survey, I sold all cryptocurrencies, closing all my position of cryptocurrency.
The reason is I smelled collapse of the bubble, possibly.
But at the same time, I thought the market may be bounced back again, just after my selling.
In addition, I put "Sell" position utilizing 50 times leverage.
It was a very busy day.
So far, at the midnight of Jan 18th, the market is still falling down. So, my selling may be correct.
I will further describe my view at the bottom of this article.
CSG INDEX Summary
Note: Delta is a today's index minus yesterday's index. Time measured is listed in Japan Time but fluctuated when measured.
*CSG (Cryptocurrency Star Growth)
What is irregular this morning is small coin list contains three negative(-) % changed coins.
Continuous Up trend coin for BEST BUY
Note: If up trends continue more than three days, BOOST mark is applied. ' - BOOST!'
CSG INDEX HISTORY
CSG COIN MARKET
This is irregular!
Three small coins at the bottom of this list are negative.
I feel the market is so irregular.
People are withdrawing money, not from major coins but also small coins as well.
This is reason what I need to act today.
|No||Coin Name||POSITION||PRICE||Amount (BTC)||Amount (Coin)|
*Current is not AM9:00. It's a time when this blog is written.
I close all my cryptocurrency position.
Since I need to sell 17cryptocurrencyies in three exchanges, it took about 45 minutes to sell. Too late. I could be quicker.
I also sold ENG, but I've got 164% profit in this weakest market.
By checking the BTC chart, 7:23 AM had a biggest drip. This time is just people start to trade in train in Japan.
This is very similar to have an explosion in the blog review. I am a blogger to follow trend news, so I can imagine.
I thought, through blog experience, next big drop may be from 12:30 Japan time, therefore, I've sold all position before that.
However, as a result, there was no big drop around 12:30.
People may not sell... Since selling is usually difficult for people.
After selling all, using Bitmex, as I planned, I bought "Sell" position using 50 times leverage, 1 million $ position using about 1.5BTC. (100 times were not valid due to lack of enough BTC).
After putting the position, I put "Trailing stop" with some best guess value.
It went down but went up again, so this selling was unsuccessful...
50 times may be too high. This is trial & error learning process.
From chart analysis, short-term, middle-term and long-term chart all shows further drop.
At the midnight, 01:00 Jan 18 in Japan, since BTC is still dropping, and I foresee tomorrow is another day to further fall, so, I put sell position again with 5times leverage.
What I do tomorrow will be decided by tomorrow's market and news around 7:00 AM and 11:00 AM, just before the people see to decide sell or not-sell.
For the long-term view, after I confirm knife is stuck at the ground, I would buy just major coin mainly, this would be XRP again.
Currently, there will be new ICO, but I see in this weak market, the performance of going up may be weak. This is same as IPO when the stock market is weak.
Therefore, I may not buy new ICO coin, of course, this is the case-by-case basis.
Next cryptocurrency market evolution is selecting most visible currency that will be really used.
The current high possibility is XRP, I believe.
This is just my expectation.
Note: Investment is your own responsibility. This site is not responsible for any outcome.
Cryptocurrency Star Growth Index, CSG index is calculated every day. CSGG index shows a trend of non-major but possible STAR, BEST buy coins trend towards Bitcoin.
Alternative BEST BUY coins for possible investment are also listed every day. If a certain coin becomes worth investment, the coin analysis is also disclosed on this site.
|Flag||CSG index delta %|
|POSITIVE||+++++||More than 100%|
|++++||50% to 100%|
|+++||50% to 70%|
|++||30% to 50%|
|+||10% tp 30%|
|NEUTRAL||+||5% to 10%|
|-5% to 5%|
|-||-5% to -10%|
|NEGATIVE||-||-10% to -30%|
|--||-30% to -50%|
|---||-50% to -70%|
|----||-70% to -100%|
|-----||Less than -100%|