CRYPTO MARKETS TODAY:
With Bitcoin hanging off a ledge yesterday, we assumed a dump would come into play today. Early this morning, I saw the confirmation and took the trade we’ve been talking about for a while. From here on, it’s about seeing whether we can close the weekly candle back above 30k for a bullish bounce or even better, back above the 55ema on a 4h for a potential mid-term reversal. We can go lower but expecting a bounce today as we have completed our measure move.
Alt coins got obliterated in a bearish dump last night. Now is the time to be watching for the projects that recover quicker. As I’ve been saying a lot, Buying alts right now is a very risky move as we don’t know how long this bearish trend will last. Waiting for the confirmation of an uptrend and compromising the missed profit with higher leverage or allocating more capitol is my plan for the alts.
Ask me anything, I trade for a living!
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