This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Note: I have moved the charts back to the top of the newsletter. I have had a number of complaints about them being at the bottom and gmail truncating the emails. You can always click the link gmail provides to read the entire email.The altcoin market looks awful, coins are dropping like anchors and people are saying that alts are going to 0. Unsurprisingly, this has sparked my interest and has me starting to slowly scale into a few altcoin positions.This is very risky, I do not recommend that you do the same unless you are prepared to take some losses or are a seasoned trader. I mentioned that I was doing this on twitter, and a number of people asked that I share what I am looking at. That's why you are receiving this special and quick issue on a Friday, just for paid members.I EXPECT TO LOSE ON EVERY POSITION I AM TAKING. My positions are small, my stops are set, and it's well within my risk management profile to take these losses and move on with my weekend. For now, I view them as likely scalps on an alt bounce, and will reassess as the next few days unfold. I am trading these pairs because I believe the upside far outweighs the downside, EVEN IF THE DOWNSIDE IS MORE LIKELY. Good risk/reward ratio.I am only sharing a few setups. If alts bounce, they should do so together, so keep that in mind if you have a favorite coin that you are charting.Note: I bought DUSK, went to record a podcast, and came back and it had pumped 50% and dumped back to the price where I bought. Then a few people mentioned that a group somewhere was manipulating the price - never a dull moment, and that's why I am NOT SHARING that chart here. I want nothing to do with that nonsense.Trade safely, have a great weekend, and hold on to your shorts - there's an election coming!
The Wolf Den #109 - Trade Ideas
The Wolf Den #109 - Trade Ideas
The Wolf Den #109 - Trade Ideas
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Note: I have moved the charts back to the top of the newsletter. I have had a number of complaints about them being at the bottom and gmail truncating the emails. You can always click the link gmail provides to read the entire email.The altcoin market looks awful, coins are dropping like anchors and people are saying that alts are going to 0. Unsurprisingly, this has sparked my interest and has me starting to slowly scale into a few altcoin positions.This is very risky, I do not recommend that you do the same unless you are prepared to take some losses or are a seasoned trader. I mentioned that I was doing this on twitter, and a number of people asked that I share what I am looking at. That's why you are receiving this special and quick issue on a Friday, just for paid members.I EXPECT TO LOSE ON EVERY POSITION I AM TAKING. My positions are small, my stops are set, and it's well within my risk management profile to take these losses and move on with my weekend. For now, I view them as likely scalps on an alt bounce, and will reassess as the next few days unfold. I am trading these pairs because I believe the upside far outweighs the downside, EVEN IF THE DOWNSIDE IS MORE LIKELY. Good risk/reward ratio.I am only sharing a few setups. If alts bounce, they should do so together, so keep that in mind if you have a favorite coin that you are charting.Note: I bought DUSK, went to record a podcast, and came back and it had pumped 50% and dumped back to the price where I bought. Then a few people mentioned that a group somewhere was manipulating the price - never a dull moment, and that's why I am NOT SHARING that chart here. I want nothing to do with that nonsense.Trade safely, have a great weekend, and hold on to your shorts - there's an election coming!