As I said on Tuesday, I took profit across the board (trimming positions) over the past week. I am glad I did. This put me mostly into Bitcoin and USD, which is allowing me to buy this dip, which I have been doing. I am buying ETH more than BTC - you can read Tuesday's newsletter to find out why I am more bullish on Ethereum. I also still have lower orders - around THE LINE that I have posted 100 times at $9,090 and below around $8,800. That said, my gut feeling is that we will continue back up from this area. You should not trade on my feelings. My thinking is that whales squeezed shorts two days ago to go up, then squeezed the over leveraged longs to come right back down yesterday. Maximum pain, in my opinion, would be to squeeze all of those fresh shorts right back up. For that reason, I think we will be back above 10K in the next day or two. This is JUST AN IDEA and not something you should trade on. Make your own decisions based on your own system and charts. I don't think I need to tell you that alts are risky right now until Bitcoin makes a decision. I'm not looking to trade anything specifically at this moment but that can change quickly. I am still in my NEO and MATIC positions. I am sitting at the car dealership getting my car serviced, so I am charting on my laptop instead of my big screen. I apologize if the charts look a bit smaller today.COTI is not available to chart on Tradingview. That said, the buzz around this coin is impossible to miss and there is widespread rumor that it is being added to Binance in the coming days or weeks. Just a rumor for now, but it's driving price. I do not trade on KuCoin, so I am not looking at it personally.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 #23 - Chart Requests And Bitcoin
The Wolf Den #23 - Chart Requests And Bitcoin
The Wolf Den #23 - Chart Requests And Bitcoin
As I said on Tuesday, I took profit across the board (trimming positions) over the past week. I am glad I did. This put me mostly into Bitcoin and USD, which is allowing me to buy this dip, which I have been doing. I am buying ETH more than BTC - you can read Tuesday's newsletter to find out why I am more bullish on Ethereum. I also still have lower orders - around THE LINE that I have posted 100 times at $9,090 and below around $8,800. That said, my gut feeling is that we will continue back up from this area. You should not trade on my feelings. My thinking is that whales squeezed shorts two days ago to go up, then squeezed the over leveraged longs to come right back down yesterday. Maximum pain, in my opinion, would be to squeeze all of those fresh shorts right back up. For that reason, I think we will be back above 10K in the next day or two. This is JUST AN IDEA and not something you should trade on. Make your own decisions based on your own system and charts. I don't think I need to tell you that alts are risky right now until Bitcoin makes a decision. I'm not looking to trade anything specifically at this moment but that can change quickly. I am still in my NEO and MATIC positions. I am sitting at the car dealership getting my car serviced, so I am charting on my laptop instead of my big screen. I apologize if the charts look a bit smaller today.COTI is not available to chart on Tradingview. That said, the buzz around this coin is impossible to miss and there is widespread rumor that it is being added to Binance in the coming days or weeks. Just a rumor for now, but it's driving price. I do not trade on KuCoin, so I am not looking at it personally.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!