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.
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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.
