More of a caution here. Alt bulls are starting to lose a bit of steam here in overbought territory on the RSI. I can't go through all the charts rn but they are all looking fairly similar, overbought on the daily RSI and looking to test major levels of support on the underside. Do what you will with this information but for me personally (as my followers know), I have taken quite a bit of profit off the table yesterday afternoon and this morning. I have moved my stops up to be in the profit on most of my trades and as I look through my current positions I am considering more action to ensure I exit appropriately if we get this pullback the charts are showing.
Again, I don't expect anything major. As you all know, I have stated that BTC should be going sideways to down (at least according to the technicals) over the next few days to weeks. This will give ALTS a bit of a chance to catch up more. But before this happens, bulls may need to catch their breath.
Thank you for the update…I was humming and hawing till I saw your response to what looks like a pullback across the altcoin market. Now left with POWR and XRP with stop losses in place guaranteeing profits and LTC which will break even at 81ish as a result of not using a stop loss for a previous trade. Excellent start to the weekend of realising (to USDT) almost 20% on overall crypto balance! Makes up for some recent beatings on some of my FTSE100 picks (BATS, FUTR).
Excellent start to the weekend of realising (to USDT) almost 20% on overall crypto balance!
Makes up for some recent beatings on some of my FTSE100 picks (BATS, FUTR).