After patiently waiting for Wanchain to start retracing, we have now approached an ALT combined with a great bull divergence on the daily. Great for a quick trade of 30% (TP @ 4.2k (purple resistance line).
Order hit at 3.106k.
It's important to keep a close eye on bitcoin, and the fact that Wanchain made a new ATL, best keep this trade short. I will be taking profit at 4.2k and leave a small bag incase we go higher.
Most alts are hitting bottom, making new ATLs, and BTC dumps getting weaker, so it's also a great opportunity to start slowing scaling in. Until stronger reversal signals for BTC , there could always be the risk of alts hitting even lower, so only pick up small bags along the way! :)
Happy Trading!!
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Realized the mistake on the title "this is of course not a SHORT" ;)