ENJBTC looking bullish on a short(which you can expect to see from my handle -- for those that need clarification; I primarily focus on short-midterm technical analysis as to project a LONG on any pairing, let alone BTCUSD, is like throwing darts at a board & hoping you hit the right mark) the simple fact of the matter is -- the market is simply too volatile as we shift back & forth in this never-ending tug-of-war with suppression from whales preventing us from breaching that golden resistance threshold: 13.6K..but I digress.
In the meantime, there are PLENTY of opportunities to accumulate more BTC and if you truly believe that BTC will eventually retrace to its ATH & beyond then the name of the game should be stacking sats amirite?
So bear in mind when I post publications that I do so without regard of losing FIAT & IDGAF if i lose $10,000 if I gain 1.0 BTC in the process; so in that sense -- I'm in it for the long haul..and you should be to, cause if you aren't: why are you here? Would you buy a product/service that you had no knowledge of? Would you invest in something you didn't believe would net a decent ROI?
Obviously not...with the exception of the "getrichquick LAMBO moon kiddies" those of us who survived #cryptowinter 2018 know that this is how the game is played.
Booms & Busts & its essentially no different than NYSE except the booms / busts are much more consequential && much more rapid.
With that being said: some alts I picked out this morning include MMATICENJBNBTROY though I would tread lightly & use fibo figures while ALWAYS SETTING YOUR STOP-LOSS, I CANNOT STRESS THIS ENOUGH -- SO MANY TRADERS GET GREEDY AND SET THEIR SELL-LIMIT WITH A 15% (some as high as 40%) MARKUP AND THEN WAKE UP THE NEXT MORNING BEING DOWN -20% THINKING TO THEMSELVES "FUCK...DO I BAG HODL? OR TAKE THE L?"
Avoid that situation by getting a simple iWatch, FitBit or whatever smartwatch device that can have you set alerts on your portfolios so that the AI is triggered ALWAYS & ONLY for stop-losses & your TP (you'll find that I often post multiple targets, though I should note that I always aim for TP1 -- anything else is for the high risk, high reward bullish/aggressive traders out there) and with that being said, here are the figures for this publication -- bolstered by the volume accumulation & cup and handle formation:
PIVOT: 1282s
TP1: 1320s
TP2 (BULLISH): 1430s
THE MOST IMPORTANT FIGURE:
STOP: 989s
Disclaimer Not financial advise -- just one wizard's opinion. Also, I did upgrade to PRO+ so I will be taking advantage of the bonus features & that means MANY MANY more publications -- so stay tuned as I expand my network & grow my handles, a rising tide lifts all boats & that's how I feel about SM tbh. It's a means to an end. It sucks having to do something you hate (twitter) to accomplish something you love (expanding network/growing analyst profile) but once again...I digress. Just take every trader's opinion with a grain of salt. This publication is posted a la EMA8,12 with 20 MACD.
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