Upticking histogram, 4hr potential macd bull cross, rsi bounce off, and eth usually follows btc, so here we go. I like this.
Signal Type: Regular (Long)
Entry Zone: 183-185
Take-Profit Targets: 189-200-210-225-240
Stop Targets: 180
Took a 5x position on LTC. Increasing volume, upticking histogram, bull macd cross, just cross the 4hr 20ma after a double bottom? I'll take it twice on Sunday. Going for a double top here before a btc pump which will then rekt it while we short it later. That's the plan, anyways...lol
Signal Type: Regular (Long)
Opened a long on TRX. We can see bulligh rsi divergence, upticking histogram, potential macd bull cross, and increasing volume. Additionally dominance is declining. However, I have to be careful becuase a btc pump could rekt this. It's holding above the 4hr 20ma @ 191, and I like the confluence with the 4hr 50ma @192. This could be pretty. My target is just below...
Taking a long position here on ETHZ19. Bullish 4hr divergence, upticking histogram, potential macd bull cross looming, and with dominance possibly rejecting from the falling wedge makes me like this. Let's see how this plays out.
Most of all, please be sure to manage your risk properly. I recomend 5% positions, and no more than a 20% stoploss which comes to 1%...
So we can see a falling wedge on btc dominance, which was unphased by the btc dump - seems strong. this tells me it's possible we remain in this wedge and retest a double bottom at 68.25 or below. A bitcoin pump can cause a bull break, but for now as long as dominace remains inside this wedge, alts will continue to grow nicely. But beware, Bitcoin can rekt alts...
So looks to me like dominance is switching just as btc has been hanging above the 4hr 20ma and relatively close to the resistance trendline. As this 48hr "Altseason" comes to a close, it sure was fun while it lasted...lol
Anyhow, currently I am bearish altcoins and bullish btc. If this is a real trend that will continue with a btc bull break, alts are going to...
Took a long 10x position here. Dominance is dropping and this looks sexy.
Be sure to manage you risk if you are trading. Don't let that be your downfall. Also have a plan, and a back up plan. This way you can execute your plans seemlessly as you flow with the market.
Looks like in the current market flow, these bearish indicators matter. Let's see if the market agrees.
I only use 5% positions across the board on all accounts and assets. I risk a maximum of 20% of a trade which is 1% of the account at any given point. You have to your own rules that work for you based on your risk profile and tolerance. But if you don't manage...
Taking a long on btc here with 5x leverage. Looks to me like a clear reversal. Alts should dump, and btc should head up. But nothing is for sure around here so most importantly be sure you manage your risk properly. For me that is the most important part of trading. If you combine that with a plan and a backup plan based on what the market does, it's hard to lose...
Taking a short on eth here. This is easy here. Rising reversing dominnace combined with these beautiful bearish indicators are a match made only by Satoshi Him/Herself!!
Let's see how this plays out. I like it!!
Daily rsi overbought with bearish divergence, histogram turning, potential bear macd cross, inverted hammer and holding below the daily 200ema? Yes please. I like my odds here.
Let's see what happens on this one. I'm just looking at the chart, so if there's news maybe I'm screwed...lol
I like this chart. Seems a bottom has been put it, tested and held the 4hr 20ma, possible pump with declining dominance. This might attract a little attention.
Above all else make sure you are not using big positions. Risk management is an extremely important part of trading, which if not focused on will cut your trading career short. Trade safely, and manage...