After a weekend of game playing, there?s a few crypto updates worth sharing.
Trading is about checking all your patterns and indicators, DEFINING YOUR RISK, and trading when the probabilities give you an edge, and over the last week or so, we have seen and shared multiple trades that showed a trading edge that have all moved higher. Haven?t seen much of that in 2018.
We saw XRP move up over 100% and other large altcoins move up 20-30% in a matter of days. Haven?t seen much of that in 2018.
We saw increasing volume and multiple key cryptos close above key price levels, most importantly BTC closed over $6450. Sure, we?ve seen that multiple times now and we can?t seem to pull away (above $6800 and $7250, etc) but, now altcoins and other indicators can be added to the bullish case.
Never a Guarantee
Of course anything can happen, but if this time really is different, watch for key prices to HODL for large altcoins and we?d expect the strongest charts (XMR, and DASH) to move up with some strength here before any close below key price levels. As we?ve stated before EOS is another chart that has shown relative strength, so keep an eye on that one too.
Just remember ? STAY SAFE ? define your risk ? we?re nowhere near out of the woods yet?.
ST: No trading edge
IT: Edge to bulls
2 Charts ? BTC and XRP ? we never ignore ETH but so far, just another altcoin
