Happy Thursday, everyone. I hope you are all having a great week and have been capitalizing on the potential gains being offered left and right in the market.As a result of looking at so many charts today, I have noticed that a lot of alts are at key resistance levels, whether it be the Fibonacci golden pocket (61.8% to 65% retrace) or a key swing high on the chart. This is a time to exercise caution trading alts. Bitcoin is also at key resistance. What happens in the coming hours and days will likely determine whether we see further alt season or at least a temporary cooling off and retracement. I am not saying to exit positions - far from it. I just think it's time to tighten up stops and to make sure we get confirmation before entering any new positions.Feel free to go back to previous newsletters - my charts are generally the daily and above, so the levels marked and ideas often do not change for a long time. There's no real need to request the same charts each week, since I have covered most.To the person who requested $NIO - I could not find a chart and did not know if it was the stock or the coin. Not available on Tradingview from what I saw.A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen and have it sent to you) for instructions on how to make my charts your own.IMPORTANT NOTE - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email!
The Wolf Den #21 - Coin Requests
The Wolf Den #21 - Coin Requests
The Wolf Den #21 - Coin Requests
Happy Thursday, everyone. I hope you are all having a great week and have been capitalizing on the potential gains being offered left and right in the market.As a result of looking at so many charts today, I have noticed that a lot of alts are at key resistance levels, whether it be the Fibonacci golden pocket (61.8% to 65% retrace) or a key swing high on the chart. This is a time to exercise caution trading alts. Bitcoin is also at key resistance. What happens in the coming hours and days will likely determine whether we see further alt season or at least a temporary cooling off and retracement. I am not saying to exit positions - far from it. I just think it's time to tighten up stops and to make sure we get confirmation before entering any new positions.Feel free to go back to previous newsletters - my charts are generally the daily and above, so the levels marked and ideas often do not change for a long time. There's no real need to request the same charts each week, since I have covered most.To the person who requested $NIO - I could not find a chart and did not know if it was the stock or the coin. Not available on Tradingview from what I saw.A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart.If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen and have it sent to you) for instructions on how to make my charts your own.IMPORTANT NOTE - I will only accept requests on Wednesdays, between 8 AM and 1 PM EST. That will make sure that they are your most pressing requests. Please mark it in your calendar and email me by responding to this email!