As u all know if you follow my trades I am long SKL. It was the only Alt coin I kept open after Aril 13th. I tweeted that the top was in on alt coins and actually fomo ed back in B4 realizing that I was right I basically missed the top by few %. This was big for me b c I been trading crypto for many years and have always been super greedy, and kept adding my winnings into new trades or just HODLed up then back down. I would tell myself I like this coin or that coin and am holding for years.
I do keep LT alts but once I changed my perspective on alt coin trading was when I actually made a nice return and kept it.
You see the money isn't real until you actually sell into USD or whatever currency you trade with and then keep it and don't put the winnings at risk.
Anyway I will get off my soap box here and say I held SKL up to .83c and back down to where we are today. I even knew .83c was the top. But I did this because I wanted to be in a trade and was still kinda 1/2 new big mike taking profits like a boss and 1/2 stupid big mike making Noob mistakes.
But I also didn't think we would get this wrecked since I pulled my cash out.
If you look at my old analysis on SKL I had this alt in a triangle with fib extension from the .53c lows in Feb.
Now I can see the pattern we are in and I think it is more of a falling wedge and I am still expecting a big push for SKL b c I feel it is lagging.
How is it lagging Big Mike? look at the weekly Stock RSI on most Alts vs USD & VS BTC and the weekly charts r coming out of overbought or still in overbought.
But SKL (also ADA) r currently in oversold and have yet to have the big push. Anyway that is my theory you guys should always DYOR.
I do keep LT alts but once I changed my perspective on alt coin trading was when I actually made a nice return and kept it.
You see the money isn't real until you actually sell into USD or whatever currency you trade with and then keep it and don't put the winnings at risk.
Anyway I will get off my soap box here and say I held SKL up to .83c and back down to where we are today. I even knew .83c was the top. But I did this because I wanted to be in a trade and was still kinda 1/2 new big mike taking profits like a boss and 1/2 stupid big mike making Noob mistakes.
But I also didn't think we would get this wrecked since I pulled my cash out.
If you look at my old analysis on SKL I had this alt in a triangle with fib extension from the .53c lows in Feb.
Now I can see the pattern we are in and I think it is more of a falling wedge and I am still expecting a big push for SKL b c I feel it is lagging.
How is it lagging Big Mike? look at the weekly Stock RSI on most Alts vs USD & VS BTC and the weekly charts r coming out of overbought or still in overbought.
But SKL (also ADA) r currently in oversold and have yet to have the big push. Anyway that is my theory you guys should always DYOR.
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