Traders,
Are you beginning to sense that I am unsure of what will happen in the next week or so in the altcoin space? This is true. While I am fairly certain that Bitcoin will pullback at some point in the future to either retest our
25,200 level or, just above that, the 50 day ma - I am less certain as to how altcoin will react to BTC if it does pullback. In the past, during bear markets, altcoins have always exaggerated any move to the downside during a bear market. We are still in a bear market and with tomorrow's Shanghai upgrade on the Eth network which unlocks millions, I am just not sure how alts will respond. For me it's better to capture any profits I have while I have them and to wait until I see proper setup forming again for re-entry.
You can see APE is up into resistance here at the 50 day. I sold.
I have also sold Audio and Matic for now and am in cash at the moment.
Stew
Are you beginning to sense that I am unsure of what will happen in the next week or so in the altcoin space? This is true. While I am fairly certain that Bitcoin will pullback at some point in the future to either retest our
25,200 level or, just above that, the 50 day ma - I am less certain as to how altcoin will react to BTC if it does pullback. In the past, during bear markets, altcoins have always exaggerated any move to the downside during a bear market. We are still in a bear market and with tomorrow's Shanghai upgrade on the Eth network which unlocks millions, I am just not sure how alts will respond. For me it's better to capture any profits I have while I have them and to wait until I see proper setup forming again for re-entry.You can see APE is up into resistance here at the 50 day. I sold.
I have also sold Audio and Matic for now and am in cash at the moment.
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.