BTC could be kicking off a downtrend, retrace. Use Stalwart Alt Cryptos to hedge through diversifying and ideally profit.
BTC Weakness persists
Its understandable that BTCUSD is due for a pullback, I suspect it could be steep, and I am good with that. Plan is to diversify a little by going to cash, adding to ALT positions.
LTCUSD - Up trend wedge
Looking for volume to push higher or sustain trend. Set a loose stop loss if you do not want to 'invest'. Keeps Bouncing off of Trendline support. Support is found mid $42 and mid $41s
ETHUSD - Bull Flag - watching for a break out on volume
Again looking for volume to push higher, support is around $282, resistance $307/08.
BitCoin Cash - You would be insane to chase here
You need a pull back. % gain or loss is the same either way, stop thinking in dollars.
TRADE: Raise Cash - Continue to monitor BTCUSD for WEAKNESS - critical level to hold is $3808, Position in ETHUSD LTCUSD for possible Breakouts (add to positions). Set a stop loss at supports .
Alternative: Wait for break higher and use BTC or USD to buy a breakout. Should probably watch ZECUSD and XMRUSD also.
Remember - Cash is a position.
Previous Articles:
BTC
BCC
ETH
LTC
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
Btc is way above the cloud..definitely looks ripe for a hefty pull back..bcc is good for scalps above resistance breaks..reminding me of DRYS stock
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LOL YES DRYS!! You made me laugh.
I dont think it has the same ending though!
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You Are An Excellent Steemian. This comment has received a 5.00 % upvote from @steemthat Return the favor and SteemThat Person Back: @binkley.
.
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Great post keep it up!
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Thanks!
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This is a great post. @steemthat is running behind but will be by in a few hours. Sorry for the delay. Thank you for your support.
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Thanks a lot, i actually was intending for it to be used on the comment by @necrophagist hahaha -- can it do that? I found their comment super amusing.
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risks of trading, you lose your entire stake by chasing squirrels. risks of investing, your steemit posts are boring, repetitive and lack hype since investing is not day trading
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LMAO! Ya basically. Both are risky though, I dont chase squirrels, play stalwarts, look for mrkt cap. Thanks for comment, made me LOL
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