With the BTC volatality increasing, trading altcoin could be risky. But if you find some altcoins have potential go up (or down), you can trade it with your own risk management method. Let me share with you the 3 alts I think has opportunity to go up in value in the next few days or weeks.
1. ChainLink weekly shows up trend movement, price now above 20ema, my 2 confirmation indicator show bullish tendency but not confirm yet. Daily chart has confrmed bullish entry which I entered last night, lets see how it goes
2. Monero weekly chart show Monero could rise from the ashes, double bottom patten, bullish volume increase significantly, indicators confirm the bullish entry( weekly candle close), I am looking for an entry soon
3. Ren Ren/BTC I am interested in the daily candles, seems like a good bullish continuation trade for me, my indicators both confirmed the entry, volume is good, will entry today.
well thats all I have now, I will post my BTC analysis and my entry this weekend after the weekly candle closed. I am looking for BTC long term invest and short-term trade opportunity. If you like my analysis, like my post and leave comments. May the crypto market be with you.
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LINK/BTC weekly shows a bullish sign, I am about to enter this weekend.