No trade zone - May 2nd Crypto Update

We don’t recommend trading now as BTC is forming a triangle which means it can really go in any direction. It is better to stay on the sidelines and wait for the situation to clarify. Very hard to predict what will unfold in the upcoming hours/days. If you decide to go short, then a stop loss should be above the triangle (resistance). If you decide to go long, then a stop loss should be below the triangle. 

What will happen to altcoins? It was a pretty good week for altcoins so you should be probably satisfied now. If you want to accumulate altcoins, buy only those with strong fundamentals and are LOW. Do not buy altcoins that have pumped already (like EOS) until we suggest otherwise. Such trading may be very harmful to your portfolio as potential gains will not be impressive, however, a potential loss can diminish your portfolio substantially.  

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