Hello, in the coming weeks i expect btc to test 10-14k support and alts will take a big hit for sure too.
Against what propably most people do i scanned for alts which performed the best in recent weeks and look for short setups. Alot of traders propably long when they see alts doing 3x, i see exceptional short setups. CHZ is another candidate which performed very well in recent weeks (also ETC, LUNC, CEL, RVN which i already shorted)
CHZ is soon to reach what i see as resistance line. My entry is 0.312-0.331 Im having relatively close stoplosses above my entry.
DYOR and dont blindly follow anyone, Crypto is a bubble and at some point i expect it to collapse(Btc to under 3.000 USD), so be careful.
I shorted Luna and Rvn coun to will they retrace back up soon?
Symbio_X
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@simpsonepic1a, no strong opinion about lunc anymore but rvn shouldnt get to my original entry(atleast i would be very surprised), but a small correction for rvn seems possible. (if you´re patient, unlike me, i would keep that rvn short open). luckily i took profits on lunc until my stoploss hit on lunc and its propably a good idea to regulary take profits on both, just in case.
Symbio_X
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@Symbio_X, atleast this is my personal opinion, dont rely on me, currently i have no position open on either (waiting for rvn to have a correction to reenter a short and got stoplossed on lunc)
Lucideisrise
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Mate. What is the settings of your chart ? On my chart, the red line is broke. Thanks GL
Symbio_X
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@Lucideisrise, propably logarhytmic scale ---> right click on scale ---> change from regular to logarhytmic