Hi everyone! First, I have been doing a lot more of my alt trading on PHEMEX with low leverage, which means looking more at USD pairs. While I still prefer BTC pairs, I enjoy the ability to use low leverage and I really love this platform. The ETH and XRP charts below are trades that I have taken there. The rest are on Binance or other exchanges.Here is my link for Phemex, which gets you some free Bitcoin and shows them my support!https://phemex.com/a/ScottMelkerAs you may know, right after sending yesterday's email, I once again was locked out of my twitter account, my 2FA removed and my email changed. This was the same pattern as July. I use encrypted email with 2FA, have 2FA on Twitter, and my google authenticator is on a separate device, offline in a secure location. Like last time, I was kicked off of twitter and told to change my password because of suspicious activity. I then received an email saying 2FA had been removed. Then when I clicked the email, my address was no longer associated with my account.I am still searching for answers from Twitter, but was able to recover my account and move on thanks to some help from friends with connections.In July, a hacker accessed Twitter's employee tools and was able to bypass all of these security measures. And here we are again.This could be a Twitter error, a hacker or something else, but it's just a reminder to TIGHTEN UP YOUR SECURITY. I will keep you updated as I demand answers from Twitter.The purpose of this email is to share a few charts that I am watching. Like last week, we saw an impulsive move on altcoins overnight, before I was really able to look at the charts. Like last week, they are once again risky, because they have made a move largely up to resistance and have reacted to the bullish divergences all over the charts. It is possible that they have made their relief bounce and will continue down, so proceed with caution. That said, alts do look somewhat bottomed out and if Bitcoin can range for a bit, we could see some profitable opportunities arise. Also, Bitcoin Dominance filled the gap we have been discussing and has dropped significantly. It could find support, but for now alts look safe. May be short lived.I am sharing a few setups, but many alts look the same. I want you to learn from the way I view charts and be able to take that knowledge to find setups of your own. I am not sharing many, but there are a TON that look like this. I just don't want to overwhelm you with 50 charts that look the same.Use proper risk management - if alts start to fall again here, they will all go together. Find your favorite few and be safe.Go fishing!
The Wolf Den #112 - Trade Ideas
The Wolf Den #112 - Trade Ideas
The Wolf Den #112 - Trade Ideas
Hi everyone! First, I have been doing a lot more of my alt trading on PHEMEX with low leverage, which means looking more at USD pairs. While I still prefer BTC pairs, I enjoy the ability to use low leverage and I really love this platform. The ETH and XRP charts below are trades that I have taken there. The rest are on Binance or other exchanges.Here is my link for Phemex, which gets you some free Bitcoin and shows them my support!https://phemex.com/a/ScottMelkerAs you may know, right after sending yesterday's email, I once again was locked out of my twitter account, my 2FA removed and my email changed. This was the same pattern as July. I use encrypted email with 2FA, have 2FA on Twitter, and my google authenticator is on a separate device, offline in a secure location. Like last time, I was kicked off of twitter and told to change my password because of suspicious activity. I then received an email saying 2FA had been removed. Then when I clicked the email, my address was no longer associated with my account.I am still searching for answers from Twitter, but was able to recover my account and move on thanks to some help from friends with connections.In July, a hacker accessed Twitter's employee tools and was able to bypass all of these security measures. And here we are again.This could be a Twitter error, a hacker or something else, but it's just a reminder to TIGHTEN UP YOUR SECURITY. I will keep you updated as I demand answers from Twitter.The purpose of this email is to share a few charts that I am watching. Like last week, we saw an impulsive move on altcoins overnight, before I was really able to look at the charts. Like last week, they are once again risky, because they have made a move largely up to resistance and have reacted to the bullish divergences all over the charts. It is possible that they have made their relief bounce and will continue down, so proceed with caution. That said, alts do look somewhat bottomed out and if Bitcoin can range for a bit, we could see some profitable opportunities arise. Also, Bitcoin Dominance filled the gap we have been discussing and has dropped significantly. It could find support, but for now alts look safe. May be short lived.I am sharing a few setups, but many alts look the same. I want you to learn from the way I view charts and be able to take that knowledge to find setups of your own. I am not sharing many, but there are a TON that look like this. I just don't want to overwhelm you with 50 charts that look the same.Use proper risk management - if alts start to fall again here, they will all go together. Find your favorite few and be safe.Go fishing!