We?ve had some nice trades recently that had large returns in a very short time ? specifically BSV and FCT, but it?s been a LONG time since ALL the safe trades we share are profitable, but that?s what happened since our last post. It?s a bullish sign that smaller and midcap cryptos are moving up ? and some are moving up quickly.
In this post we focus on some larger cap caltcoins that have strong bullish set ups and can be entered safely if stops are honored. BCHSV specifically has moved up nicely without coming close to testing its all time lows ? that COULD be very bullish if price breaks out to new highs. It?s worth nothing that BTC and BCHABC do NOT have this pattern or we?d be a lot more buillish on the entire crypto market.
But price is moving higher and there are good return vs risk trades to consider, and for now there is a slight SHORT TERM trading edge to the bulls ? this means take profits on gains or use trailing stops ?pattern say intermediate and long term trading strategy is still unclear.
NOTE: XBT and BTC charts from prior post are included again for reference. DEC 10 ETC chart is shown as well.
