Feb 18: 4040 BTC Hit The Market - Retrace or Continuation?
Feb 18 Crypto Market Commentary:
LTCUSD
BTCUSD
EOSUSD
ADAUSDT
Now coming right in to the pivot date/time we've been hunting! Feb 18th Gov't BTC auction, Wednesday London Kill Zone, yada yada.
Generally looking at the next 24 hours as an opportunity to let go of some long trades (partial) against top ends of ranges to establish risk-free positions.
Definitely not calling this the 2020 crypto top, but rather just a good chance of being a short term breakdown and retrace after a violent move to the upside. Really seeing a decent chance of one last pullback in to buying windows (61.8% - 78.6% retracement of ranges)
Covered names like Litecoin, Ethereum, Eos, Cardano, and Bitcoin and multiple timeframes.
I’m paying close attention to pullbacks in (ALTS/BTC) - fundamentally acceptable names against bottom ends of ranges. Adding to current positions and/or picking up new names on confirmed higher-time-frame (1D/1W) bullish setups.
Again, I’m a crypto bull.. I think I spend a good amount of time in this video just talking about the importance (for me at least) of taking at least partial profits at levels like these. This gives you the opportunity to stay long (risk free) and also add to your positions in case of a significant enough pullback (which is this case seems within reason)
COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day!
--
THANKS!
LTCUSD
BTCUSD
EOSUSD
ADAUSDT
Now coming right in to the pivot date/time we've been hunting! Feb 18th Gov't BTC auction, Wednesday London Kill Zone, yada yada.
Generally looking at the next 24 hours as an opportunity to let go of some long trades (partial) against top ends of ranges to establish risk-free positions.
Definitely not calling this the 2020 crypto top, but rather just a good chance of being a short term breakdown and retrace after a violent move to the upside. Really seeing a decent chance of one last pullback in to buying windows (61.8% - 78.6% retracement of ranges)
Covered names like Litecoin, Ethereum, Eos, Cardano, and Bitcoin and multiple timeframes.
I’m paying close attention to pullbacks in (ALTS/BTC) - fundamentally acceptable names against bottom ends of ranges. Adding to current positions and/or picking up new names on confirmed higher-time-frame (1D/1W) bullish setups.
Again, I’m a crypto bull.. I think I spend a good amount of time in this video just talking about the importance (for me at least) of taking at least partial profits at levels like these. This gives you the opportunity to stay long (risk free) and also add to your positions in case of a significant enough pullback (which is this case seems within reason)
COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day!
--
THANKS!