This newsletter is sponsored by 2 amazing companies: VOYAGER and PHEMEX.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. I really encourage you to check them both out - you know that I never endorse a product that I do not use!Here is a quick special newsletter to show you what I am watching today and into the weekend! Some large caps looks like they could potentially be bottoming. There is NOTHING CONFIRMED YET. However, I wanted to share these IDEAS before the weekend, because I won't be sending another newsletter until Tuesday, most likely. Notably, I am seeing POTENTIAL bullish divergence on the daily charts of a few of these coins, which have been reliable bottom signals (nothing is certain) in the past. That said, keep your risk management in order, take smaller positions with slightly wider stops in case they drop further. A daily div can take a while to play out, and can see some funny price action before they work. None of them are confirmed - they would all likely confirm or fail together by the end of the day. If BTC makes a big move, I expect none of this to play out. So keep that in mind and MANAGE YOUR RISK. My goal here, as always, is to show you how I look at a chart and approach a trade. What you do with that is up to you. Bitcoin can ruin the party any time. Note, of all of the large caps I have looked at, XRP does NOT have the bull div. Also, I looked at LTC and TRX first, so even though they are not the first charts listed, they have the most thorough descriptions of what is happening.Another note. I don't care if I miss a trade - there is always another one. On many, I am looking for a retest of former resistance as support. Those sometimes don't come at all, but when they do they are higher probability entries. Another other note - FTM and MATIC still look good.The stock market is confounding. Yesterday started low, sent a newsletter, and it did nothing but rise from there. I need to remember that Thursdays have been up every time for months - right after the BAD unemployment data comes out! Unbelievable. That said, nothing has changed with my opinion or charts... and SILVER IS PUMPING, which is a trade I have shared here a number of times. Please excuse any typos, I was trying to get this out fast and have not gone back through to edit it!!!
The Wolf Den #52 - Trade Ideas
The Wolf Den #52 - Trade Ideas
The Wolf Den #52 - Trade Ideas
This newsletter is sponsored by 2 amazing companies: VOYAGER and PHEMEX.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. I really encourage you to check them both out - you know that I never endorse a product that I do not use!Here is a quick special newsletter to show you what I am watching today and into the weekend! Some large caps looks like they could potentially be bottoming. There is NOTHING CONFIRMED YET. However, I wanted to share these IDEAS before the weekend, because I won't be sending another newsletter until Tuesday, most likely. Notably, I am seeing POTENTIAL bullish divergence on the daily charts of a few of these coins, which have been reliable bottom signals (nothing is certain) in the past. That said, keep your risk management in order, take smaller positions with slightly wider stops in case they drop further. A daily div can take a while to play out, and can see some funny price action before they work. None of them are confirmed - they would all likely confirm or fail together by the end of the day. If BTC makes a big move, I expect none of this to play out. So keep that in mind and MANAGE YOUR RISK. My goal here, as always, is to show you how I look at a chart and approach a trade. What you do with that is up to you. Bitcoin can ruin the party any time. Note, of all of the large caps I have looked at, XRP does NOT have the bull div. Also, I looked at LTC and TRX first, so even though they are not the first charts listed, they have the most thorough descriptions of what is happening.Another note. I don't care if I miss a trade - there is always another one. On many, I am looking for a retest of former resistance as support. Those sometimes don't come at all, but when they do they are higher probability entries. Another other note - FTM and MATIC still look good.The stock market is confounding. Yesterday started low, sent a newsletter, and it did nothing but rise from there. I need to remember that Thursdays have been up every time for months - right after the BAD unemployment data comes out! Unbelievable. That said, nothing has changed with my opinion or charts... and SILVER IS PUMPING, which is a trade I have shared here a number of times. Please excuse any typos, I was trying to get this out fast and have not gone back through to edit it!!!