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CrackingCryptocurrency
Feb 21, 2019 6:16 PM

TOTAL Crypto Market Cap Weekly Short

Crypto Total Market Cap, $CRYPTOCAP

Description

~There is beauty in simplicity.~

-Trade Based of Data, not Emotions
-Consistent Strategy, not Inconsistent
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.



TOTAL Crypto Total Market Cap

-Initial rejection from primary weekly resistance.
-Rejection from upper boundary of current Volume Profile.
-Rejection from Weekly 200 EMA.
-No significant spikes in volume to indicate a potential breakout.
-That is indicative of little "new money" entering into the crypto markets.

Levels of Support:
-Weekly 8 EMA
-Weekly Point of Control
-Previous Resistance

The first and third options there are identical. Should those levels not hold, I would expect a return to the bottom of the range.


~Manage Risk, Trail Stops, Lock in Profits~
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