BTC is currently stuck in the range above. Not forcing trades is always my preference as the choppy price action can quickly eat into a portfolio. I am currently waiting on this range to break higher or lower to enter any longs or shorts on altcoins.
There are constantly developing trade setups as BTC continues to chop, but here are a few on my watch list currently:
ADA – Entering a short if BTC breaks lower and ADA breaks the below the blue trendline. Entering a long if BTC breaks higher and ADA breaks above the purple resistance.
OMG – Same idea as above except the chart is nearly the opposite from ADA.
XMR – Range bound very similarly to BTC. This one is only worth trading if the range on XMR breaks out at the same time as the range on BTC.
MATIC – While this could be traded long and short, I am much more interested in this setup only as a short trade.
BTC is currently stuck in the range above. Not forcing trades is always my preference as the choppy price action can quickly eat into a portfolio. I am currently waiting on this range to break higher or lower to enter any longs or shorts on altcoins.
There are constantly developing trade setups as BTC continues to chop, but here are a few on my watch list currently:
ADA – Entering a short if BTC breaks lower and ADA breaks the below the blue trendline. Entering a long if BTC breaks higher and ADA breaks above the purple resistance.
OMG – Same idea as above except the chart is nearly the opposite from ADA.
XMR – Range bound very similarly to BTC. This one is only worth trading if the range on XMR breaks out at the same time as the range on BTC.
MATIC – While this could be traded long and short, I am much more interested in this setup only as a short trade.
