A MAJOR THANK YOU AS ALWAYS to my sponsors: VOYAGER and PHEMEX.Please make sure to read about them below and sign up for an account! I use Voyager for my spot trading and investing (and to compound interest) and I use Phemex for trading with leverage. Sign up to both with the links above and get some free Bitcoin.Bitcoin made a sizable move yesterday while I was composing the newsletter, so I chose not to share any specific altcoin ideas. At the moment Bitcoin is trading sideways - if it ranges here for a bit, there could be some nice opportunities in the crypto market. That said, Bitcoin can ruin ANY setup at ANY time. Worse, it tends to ruin them ALL AT ONCE. Bitcoin also could move again quite quickly. With that disclaimer, here are a few altcoin charts that I am watching for POTENTIAL trades. I am NEVER telling you to buy something now, I am never telling you to buy something at all. I am merely trying to show you how I view a chart, why I am looking at it, and what I am looking for to open a trade. This is for educational purposes - as always, do your own research, use these charts as you see fit within your own system and take the trades at an appropriate size that makes sense for your portfolio.The one trade that I did endorse yesterday was MATIC, which is the number 1 mover on Binance in the past 24 hours. I've been sharing that chart for weeks - sometimes it takes some patience. Same with XTZ, which I waited over a month to find an entry on. I will share both below.I do not watch every coin - it would be impossible. I usually scan through a few charts and if something jumps out, I dive in deeper.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/issues/the-wolf-den-crypto-newsletter-issue-10-219754 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 #45 - Altcoin Ideas
The Wolf Den #45 - Altcoin Ideas
The Wolf Den #45 - Altcoin Ideas
A MAJOR THANK YOU AS ALWAYS to my sponsors: VOYAGER and PHEMEX.Please make sure to read about them below and sign up for an account! I use Voyager for my spot trading and investing (and to compound interest) and I use Phemex for trading with leverage. Sign up to both with the links above and get some free Bitcoin.Bitcoin made a sizable move yesterday while I was composing the newsletter, so I chose not to share any specific altcoin ideas. At the moment Bitcoin is trading sideways - if it ranges here for a bit, there could be some nice opportunities in the crypto market. That said, Bitcoin can ruin ANY setup at ANY time. Worse, it tends to ruin them ALL AT ONCE. Bitcoin also could move again quite quickly. With that disclaimer, here are a few altcoin charts that I am watching for POTENTIAL trades. I am NEVER telling you to buy something now, I am never telling you to buy something at all. I am merely trying to show you how I view a chart, why I am looking at it, and what I am looking for to open a trade. This is for educational purposes - as always, do your own research, use these charts as you see fit within your own system and take the trades at an appropriate size that makes sense for your portfolio.The one trade that I did endorse yesterday was MATIC, which is the number 1 mover on Binance in the past 24 hours. I've been sharing that chart for weeks - sometimes it takes some patience. Same with XTZ, which I waited over a month to find an entry on. I will share both below.I do not watch every coin - it would be impossible. I usually scan through a few charts and if something jumps out, I dive in deeper.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/issues/the-wolf-den-crypto-newsletter-issue-10-219754 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!