From a trader’s perspective Smith also discussed key BTC prices, namely the $5,800 support level and the $6,800 resistance level, noting that the recent lows of bitcoin are practically the same ones that were touched in April and February, earlier this year. Curiously, these were the same points BTC was trading at last October when bitcoin futures were announced and the price of the world’s most popular virtual currency skyrocketed.
As Bitcoin heads toward a new all time high, many are eager to reap profits. The ETF disapproval is a sign of changing attitudes for Bitcoin. It was unlikely the SEC was going to approve the ETF. This reinforces how important it is to stay up to date. Get involved; chat on boards, comment on blogs, and follow news on social media. A viable strategy for one person may not work for another. It’s all for naught if you don’t appreciate the power that cryptocurrencys mean.ower that cryptocurrencys mean.
Bitcoin Trading in Tight Range With Lowest Volatility in Months There Was a Major Bug in Bitcoin’s Code, but Developers Fixed it International Bitcoin Transfers 1,000s of Times Cheaper than Banks The CNBC Fast Money Counter Indicator Bitcoin Flash Crash at Cboe XBT Expiration Date; Most Alts Refuse to Panic BTC is Trapped Under Some EMAs and Has Been Most of 2018 GBTC and ETCG Premiums are Melting Off Morgan Stanley To Offer Bitcoin Swap Trading Winklevoss Twins Launch World First Regulated Stablecoin, and It’s Ethereum-Based Goldman Sachs CFO says Bitcoin Trading Desk Rumor is “Fake News”
You could try this instead: Be sure to keep reading crypto news and price analyses — not just staring at charts. Even though you shouldn’t give in to the FOMO and FUD generated by many crypto articles, you still need the news in order to stay apprised of market conditions. Also consider setting stop-loss orders to ensure that your losses will be mitigated in the event of something like contagion. 

Fundamentals cover things like crowd behavior and news flow.  Crowd behavior means that when the “crowd” is piling in while the price is of a coin is pushing upward, maybe you will want to ride the momentum (with caution as these people may end up getting trapped within it), or it could be a situation where everyone is in the thing and now the coin is seeing a downturn, and they are all trying to piling out.

It is important not to neglect the power of altcoins, or non-bitcoin cryptocurrencies. Altcoins are less prone to public speculation. Their smaller market caps are more prone to larger swings in pricing. Each altcoin has a purpose and an intent, catering to different niches. There are larger risks associated with investing in altcoins, but also larger rewards. Our personal favorites are DASH, ZCash and Monero.

Ethereum'is on the trouble! Almost all the altcoins trades above the major counter-trendline but Ethereum'is not on the list anymore. It has a break downwards from the trendline and from the strong area which is not the good sign but we can find something positive also, currently, it has an opportunity to make a new higher low on the market structure and it shows ...

Don’t be greedy. No one ever lost money taking a profit. As a coin begins to grow, the greed inside us grows along with it. If a coin increases by 30%, why not consider taking profit? Even if goals are set to 40% or 50%, you should at least pull out some of the profit on the way up in case a coin doesn’t reach the goal. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss. Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.