Feb 21 Crypto Market Update: BTC Auction Confirms Price Failure
(FEB 21) Crypto Market Commentary - Bitcoin, Dash, Litecoin, Cardano, Eos, Ethereum, Icon, Lisk, Doge, & More.
Reviewed quite a few topics today! Also covered several portfolio updates and trade management activities.
* We've been talking consistently for the last week about the Feb. 18 Gov't
BTCUSD
auction being an important potential pivot. This is reviewed in detail and as well as the price action preceding the breakdown.
* Reviewed the way I exited either 1/2 or 60% of several of my long Kraken coins against recent highs to establish "risk free positions" - using this chart:
* Generally feeling like the market is going to take a few weeks to retrace and consolidate before signaling bullish continuation.
* I'm looking to reload on names like
ETHUSD
LTCUSD
EOSUSD
BINANCE:OMGUSD and anything else I've already sold half of with retraces between 61.8% - 78.6% of their ranges.
* Spend some time reflecting back on the
BTC.D
and how I like to use it as a proxy for crypto sentiment.
* For probably a good 5 minutes I talked about
DOGEBTC
and used it as an example of the "Little Old Lady" strategy I run on the binance (100X challenge account). Buying against lows, selling on doubles, yada yada.
TLDR; Hunt longs @ bottom ends of ranges!
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!
Reviewed quite a few topics today! Also covered several portfolio updates and trade management activities.
* We've been talking consistently for the last week about the Feb. 18 Gov't
BTCUSD
auction being an important potential pivot. This is reviewed in detail and as well as the price action preceding the breakdown. * Reviewed the way I exited either 1/2 or 60% of several of my long Kraken coins against recent highs to establish "risk free positions" - using this chart:
* Generally feeling like the market is going to take a few weeks to retrace and consolidate before signaling bullish continuation.
* I'm looking to reload on names like
ETHUSD
LTCUSD
EOSUSD
BINANCE:OMGUSD and anything else I've already sold half of with retraces between 61.8% - 78.6% of their ranges. * Spend some time reflecting back on the
BTC.D
and how I like to use it as a proxy for crypto sentiment. * For probably a good 5 minutes I talked about
DOGEBTC
and used it as an example of the "Little Old Lady" strategy I run on the binance (100X challenge account). Buying against lows, selling on doubles, yada yada. TLDR; Hunt longs @ bottom ends of ranges!
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!