Long if we can break the line - but in key ALTs for now
I went long following my last post re: iH&S (where I actually did some research :))
- Invested in ALTs - Perhaps a little early to be in ALTs but I think money coming in to be in USDT or FIAT so I'm expecting them to continue to rally rather than sucked dry by BTC - there is little juice left in them anyway. Weighted towards XLM - despite missing the initial rise after the coinbase news. I expect this to be listed as rumour mill has been going for a few months - this sounds like i'm shilling this but let's face it, folks should not but off my advice. I'll sell the news - expecting to get my trailing stop, stopped out after the either the announcement or ETF (missed) date.
Expecting BTC will hold this area until the 21st (my scribble on the chart goes a little beyond this as ever) - Stuck under the uptrend I suspect we might bounce around a little - I am only 80% in and waiting for this to be broken before any final commitment with loose stops in place in case the bulls break.
- Not sure where the bearish analysis is coming from?? I am a big advocate of the idea that this is all one big trap but the fundamentals were/are textbook for a breakout long. However I am not one to call 'moon' as I don't think I've seen any rationale to date that can accurately predict any price by the end of the month let alone the year. I do expect some major short action in the near future - I'll take a look at a mid-term forecast once I have more free time and the volume has settled.
Best,
Hard 'Swing' Forky (only a pro as I got the free one month package ;)
- Invested in ALTs - Perhaps a little early to be in ALTs but I think money coming in to be in USDT or FIAT so I'm expecting them to continue to rally rather than sucked dry by BTC - there is little juice left in them anyway. Weighted towards XLM - despite missing the initial rise after the coinbase news. I expect this to be listed as rumour mill has been going for a few months - this sounds like i'm shilling this but let's face it, folks should not but off my advice. I'll sell the news - expecting to get my trailing stop, stopped out after the either the announcement or ETF (missed) date.
Expecting BTC will hold this area until the 21st (my scribble on the chart goes a little beyond this as ever) - Stuck under the uptrend I suspect we might bounce around a little - I am only 80% in and waiting for this to be broken before any final commitment with loose stops in place in case the bulls break.
- Not sure where the bearish analysis is coming from?? I am a big advocate of the idea that this is all one big trap but the fundamentals were/are textbook for a breakout long. However I am not one to call 'moon' as I don't think I've seen any rationale to date that can accurately predict any price by the end of the month let alone the year. I do expect some major short action in the near future - I'll take a look at a mid-term forecast once I have more free time and the volume has settled.
Best,
Hard 'Swing' Forky (only a pro as I got the free one month package ;)
Comment:
BTC still shaping bull flag, volume looks good, RSI is potentially missleading - looks like it is sucking some life from alts (coinmarketcap total cap is steady). XLM and co are fine but 14% of my alts got hit.
