Get started

Coinselor

Bitcoin Cash (BCH) - Trade Update @coinselorI wasn't a big fan of this trade when I entered, but the idea was solid enough to warrant a position. That said, price action has been rather good for us. Price has bounced off decisively from our entry price. Given my overall outlook on ALTS I expect price to continue much higher. Again, this is a situation where mi position should have been stopped out given BTC's 40% huge move, but because we mooned right before, this trade held nicely.
by coinselor
Ripple (XRP) - Trade Update @coinselorCompared with what other alts are doing, I am not a big fan of XRP's price action. That said, price has been creeping back up to that critical S/R level at around 3325. I am extremely proud of being long XRP and not shaken out after such a massive 40% move in BTC. I have a feeling most people got stopped out. The key is entering early after a range breakout. The biggest difficulty with alts is stop placement, you want to be extremely wide given how volatile and hard they wick, but the trade must still make sense from a risk-reward POV.
by coinselor
Zilliqa (ZIL) - 1:5 Trade @coinselorI am not a big fan of waiting for a correction (weakness) when entering a trade by applying a trend-following strategy. I wanna buy strength and sell weakness. Nevertheless, given the overall alt/btc market, it makes sense to wait for a retracement and take this 1 to 5 risk-reward ratio trade. The reason why I wouldn't enter a position after the initial breakout high is that, as opposed to most other alts, ZIL didn't establish a well defined range before breaking out. The advantage of entering on a range breakout is that automatically that prior range high becomes a strong level of support that protects our stop/entry.
Z
by coinselor
2
Themis (GET) - Spring Capitulation? @coinselorThis is one of the clearest reversal patterns I've encountered so far in any altcoin. Allow me to explain. First, we were not able to make new all-time lows. This is very significant. It shows the market refusing to even test that price level. Secondly, there was a spring capitulation candle that broke a previous range (doji candles in succession) to the downside. What is critical above this capitulation candle is the volume. Notice the ridiculously low volume, indicating there are very few people willing to sell below this price level. Really interested in seeing this one play out.
GLong
by coinselor
Stealth (XST) - 1:16 OG Trade It is not easy to find an old school gem with price action going back all the way to 2014 that is behaving nicely from a technical perspective. Rounding bottom, breakout with volume and know consolidating above support. A safer trade would be to place the stop at a new low below red line. The reason for this is the expected volatility increase and the fact that micro caps wick pretty hard once they get going. BITTREX:XSTBTC Market Cap: $2,259,299 USD 271 BTC
XLong
by coinselor
FANSTIME (FTI) - 1:3.5 Trade @coinselorFanstime just broke out above previous resistance, setting a new 69-day high. As you already knew, I like buying strength and selling weakness. In general, alt coins trend pretty hard. They are either going up or going down. You very rarely see them range. In fact, a ranging alt coin is a sign to pay attention. This is not the greatest risk reward and volatility is borderline almost too high for my liking. However, this is still a very tradeable idea worth sharing. HUOBI:FTIBTC Market Cap: $2,225,500 USD 274 BTC
FLong
by coinselor