This last retracement got the Total MCap back at support, as long as it holds, there's nothing to worry about.
The Altcoins' MCap closed a couple 4H candles under $83B, we'll have to await the daily closure before making any assumptions. Additionally, we have a hidden bullish divergence which can help price get back up.
The Altcoins' MCap closed a couple 4H candles under $83B, we'll have to await the daily closure before making any assumptions. Additionally, we have a hidden bullish divergence which can help price get back up.
Litecoin, that outperformed the entire market yesterday, closed above the aforementioned $65 level and is now retesting it. As long as no daily candles closes below it, the next target is $100.
This a prime example of the retracements wich always happens in and that are part of the process during a bullish/bearish rally, expect them and you won't go through an emotional rollercoaster.
This a prime example of the retracements wich always happens in and that are part of the process during a bullish/bearish rally, expect them and you won't go through an emotional rollercoaster.
BTW, another thing to have in mind, regarding the last questions in our BitMex group.
This is something wich you need to know and I invite you to think about that
You have to add stress into your Risk:Reward equation, how much stress is a position causing you? Take a relaxed approach and you'll enjoy the process so much more
By the way, if a position is causing you unsurmountable stress, you know your position is too big!💸🙅🏻♂️🧨⚰️
You have to find the balance between a position small enough to not get you "REKT" if it goes against you, and large enough for you to care.
Find that balance and you find your perfect position size!!! It’s not about strictly use 1% capital, some traders feels good using 10/20% others only 2%. We need to feel 100% sure and safe about our trading, strong and smart moves, always
This is something wich you need to know and I invite you to think about that
You have to add stress into your Risk:Reward equation, how much stress is a position causing you? Take a relaxed approach and you'll enjoy the process so much more
By the way, if a position is causing you unsurmountable stress, you know your position is too big!💸🙅🏻♂️🧨⚰️
You have to find the balance between a position small enough to not get you "REKT" if it goes against you, and large enough for you to care.
Find that balance and you find your perfect position size!!! It’s not about strictly use 1% capital, some traders feels good using 10/20% others only 2%. We need to feel 100% sure and safe about our trading, strong and smart moves, always
As the entire market started turning bullish, XRP’s price increase was lagging behind. Today, as the entire market was rather stalling on a weekend, XRP, alongside ETH, took the time for a solo-run.
Let’s have a look at the weekly timeframe as the candle will close tonight.
Let’s have a look at the weekly timeframe as the candle will close tonight.
Bitcoin is in a clear uptrend alongside the entire market as we’ve established in the past couple weeks. XRP is gaining strength in its USD pair and by looking at the BTC pair it seems that XRP will probably outperform Bitcoin for the foreseeable future.
Maybe this can play before time, but hopefully we will catch a nice entry to long this boy. ATM looks really bullish in the orderbook
https://www.tradingview.com/x/oS1dzoUL/
https://www.tradingview.com/x/oS1dzoUL/
Altsignals Academy
Maybe this can play before time, but hopefully we will catch a nice entry to long this boy. ATM looks really bullish in the orderbook https://www.tradingview.com/x/oS1dzoUL/
The trading volume has sustained over $100B for the past 5 days now with the BitMEX OI over $1B for 4 straight days and the price of Bitcoin moving in a relatively small range.
Altcoins have delivered a great return since the beginning of 2020. Additionally, considering that Bitcoin is increasing in price while the Bitcoin Dominance is decreasing, this is a so-called “Alt-Season”
How much upside is yet to be seen
As markets mature and more market participants enter, the volatility will inherently decrease
As markets mature and more market participants enter, the volatility will inherently decrease
Awaiting a 100x increase on an asset to make a satisfying return is a very wrong approach to investing
If the latter happens and another 2017 run happens, that would be awesome and will generate immense profits
This market is still delivering a much better return than any other asset class
Despite the 6-months decline, Bitcoin was the top performing asset of 2019!!
Aim to be profitable in any case
The opportunities given by the market are SPECTACULAR
Take advantage of them!
The opportunities given by the market are SPECTACULAR
Take advantage of them!
The Altcoins' MCap is at a crucial resistance and a pivotal point, hence it might take price some further consolidation before crossing over 120B. However, considering the bullish momentum and that this is practically the first decent retracement, it is likely for this area to be crossed.
The confirmation would come on the weekly timeframe by a closure above 120B.
The confirmation would come on the weekly timeframe by a closure above 120B.