LTC ETH - USD - Bullish Setups - HEDGE BTC with alts or CASH
BTC could be kicking off a downtrend, retrace. Use Stalwart Alt Cryptos to hedge through diversifying and ideally profit.
BTC Weakness persists
Its understandable that BTCUSD is due for a pullback, I suspect it could be steep, and I am good with that. Plan is to diversify a little by going to cash, adding to ALT positions.
LTCUSD - Up trend wedge
Looking for volume to push higher or sustain trend. Set a loose stop loss if you do not want to 'invest'. Keeps Bouncing off of Trendline support. Support is found mid $42 and mid $41s
ETHUSD - Bull Flag - watching for a break out on volume
Again looking for volume to push higher, support is around $282, resistance $307/08.
BitCoin Cash - You would be insane to chase here
You need a pull back. % gain or loss is the same either way, stop thinking in dollars.
TRADE: Raise Cash - Continue to monitor BTCUSD for WEAKNESS - critical level to hold is $3808, Position in ETHUSD LTCUSD for possible Breakouts (add to positions). Set a stop loss at supports .
Alternative: Wait for break higher and use BTC or USD to buy a breakout. Should probably watch ZECUSD and XMRUSD also.
Remember - Cash is a position.
Previous Articles:
BTC
BCC
ETH
LTC
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
Btc is way above the cloud..definitely looks ripe for a hefty pull back..bcc is good for scalps above resistance breaks..reminding me of DRYS stock
LOL YES DRYS!! You made me laugh.
I dont think it has the same ending though!
You Are An Excellent Steemian. This comment has received a 5.00 % upvote from @steemthat Return the favor and SteemThat Person Back: @binkley. .
Great post keep it up!
Thanks!
This is a great post. @steemthat is running behind but will be by in a few hours. Sorry for the delay. Thank you for your support.
Thanks a lot, i actually was intending for it to be used on the comment by @necrophagist hahaha -- can it do that? I found their comment super amusing.
risks of trading, you lose your entire stake by chasing squirrels. risks of investing, your steemit posts are boring, repetitive and lack hype since investing is not day trading
LMAO! Ya basically. Both are risky though, I dont chase squirrels, play stalwarts, look for mrkt cap. Thanks for comment, made me LOL