20190506 BTCUSD daily review
BTCUSD finally hit this yearly high over $5800 a few days ago where my first profit taking target was. Now its hovering around $5600, still within the range of uptrend. I would like to hold the position up untill $6400, which is the final target, where the most volume profile stayed before the collapse last year. If BTCUSD drops to $5200, it would be time to add up for what was cleared at $5800.
ALTBTC still suffering a lot with negative correlation with BTCUSD. I do not have any clue on Alts yet. I would consider to have long position on Alts when BTCUSD hits $6400 as bull position may spread around major ALTS then with the correction. Be cautious on ALTs before then.
Good luck to all!