Crypto's Pump and Dump ("bubble") VS Dot Com
Sucker's Rally in BTC most likely over.
We should experience sideways/downward price action for several months, to shake off anyone who gained belief.
It is possible that the altcoins that will survive will begin to pop here, vaulting towards their "Sucker's Rally" peaks.
My list of these alts is ever-evolving, based on their resilience to the falling knife.
ETH, XMR, XRP, ETC, LTC, BCH and ZEC are the current longs (small positions), with tight stops.
I'm seeing a lot of alt bears, but some alt bulls still exist, which is very disconcerting, hence the tight stops.
I generally hate stops, due to market maker wicks.
We should experience sideways/downward price action for several months, to shake off anyone who gained belief.
It is possible that the altcoins that will survive will begin to pop here, vaulting towards their "Sucker's Rally" peaks.
My list of these alts is ever-evolving, based on their resilience to the falling knife.
ETH, XMR, XRP, ETC, LTC, BCH and ZEC are the current longs (small positions), with tight stops.
I'm seeing a lot of alt bears, but some alt bulls still exist, which is very disconcerting, hence the tight stops.
I generally hate stops, due to market maker wicks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.