Traders, I’ve chosen to take profit here on XRP for several reasons: 1) We dropped below two levels of support which are now acting as resistance. 2) I was a bit overweight in alts for my current risk tolerance level. 3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any...
Traders, It's worthwhile to review my most recent altcoin trades, targets, stops, and strategy. I will also review Bitcoin, Bitcoin dominance, Altcoin market cap, and a few of the other alts I am waiting to enter. Stew
Traders,Doge is now in a price range I consider attractive again with the RSI nearing 50 and the price landing on solid support of our 200 day ma. I have bought at 8.2 cents and plan to hold to at least 10.5. Depending on risk tolerance, stop limit should be around 7 cents to give a r/r ratio of 2 to 1.Best,Stew P.S. - Trade Tracker should now be up to date.
Traders, After beating the 50-day moving average, and a level of support above that, we are now resting on support. I think this is the perfect time to enter here in audio. And that is what I did. My goal is to at least hold some of this trade to the 39 cent level. In a future post, I will update you on all the stop limits of this and my previous trades. Stew
Traders, Bull Flag here. Bought at .21. Will hold to .26 or the 200 day ma, which ever comes first. Stew
Traders, After waiting patiently, we are back in a key support area. Could we fall below this? Yes. Of course. But at the moment, I am obviously betting on support holding. I will hold from my ,49 cents take back up to ,58 cents and higher. Stew
Traders, Also going long on Ethereum again today. As you know I pulled profits a few days ago in anticipation of a pullback. But the longer we go without a pullback, the less the probability becomes that we'll get one. Additionally, our neckline on the inverse head and shoulders pattern is proving strong support. I will be holding this trade to our target area at...
Traders, I'm OoO and operating completely from my mobile phone rn. But couldn't help but spot this beautiful bull Flag on matic which has exited to the top side of a descending tl and after touching our 100 day ma. I'm hoping to hold this trade to the 50 day (currently $1.19) and to a level above that at $1.32 Stew
Traders, I'm long Ape from here until the 200 day ($4.57) and the 50 day ($4.66) ...at least. $5.00 also looks like a very real possibility. Stew
Traders, Please make note of the resistance areas up ahead for both Bitcoin (top chart) and Bitcoin dominance (bottom chart). Both have come into MAJOR resistance area and are showing me that Bitcoin should pullback within a week. I don't see us skirting above $30k without a pullback prior. Personally, from a technical standpoint, I am hoping to retest our Cup...
Traders, Careful here. Tame your excitement a bit. I have not departed from my original expectation that BTC should drawback to retest our C&H neckline before engaging in more battle with our big area of overhead resistance. I still believe this to be true. And we know that what the lead dawg does is usually exaggerated in the altcoin space. So, watch closely. Stew
Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want...
Traders, Ripple ripping! Sooner than expected but the price actually wicked up and tagged my 58.5 cents precisely! It always amazes me every time when these technicals play out. I just wish I could be better with the timing. Anywho, now that the price has met the earlier target that I had call for, what can we expect from ripple? TBH, I am not quite sure....
Traders, Just wanted to keep you in the loop on what my thinking was in regards to recent XRP trades and what I am looking for in the future. Stew
Traders, Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the...
Traders, We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I...
Traders, 7 wins in a row. Over half with XRP thus far. Gotta stay disciplined and keep to our plan on this. As you know we bought at .36. Sold at .42 and .49. Re-entered at .44 and .42. And now selling half here at .49. Congrats for those who have followed me in these latest trades. Stay tuned. More to come. Stew
Traders, Check out this inverse H&S pattern spotted on TOTAL2. Looks like altcoins might be preparing for a bit of a pop here soon. Stay tuned to this! Stew
