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!Bitcoin is still shaky so trading any crypto right now carries slightly extra risk. That said, even when Bitcoin dropped yesterday, alts remained largely unaffected in their BTC pairs. That's why I decided to hold off yesterday - I wanted to see how they reacted before sharing more trading ideas. As you know, I trade to make more BTC and therefore more USD over time and rarely trade USD pairs. I believe trading USD pairs adds more confusion. So against BTC, they're still looking solid.There are a ton of setups here. You should NOT EVEN CONSIDER trading them all. I could honestly post 50 more. Alts look ridiculously good at the moment. This has the vibe of alt season, but don't get excited and start FOMOing. The reason I say that is that we are seeing 100% plus gains in a day on multiple coins lately (TFUEL, ARDR) and all of the setups are looking decent. Fingers crossed, but that sentiment could change in a moment.When I trade, I identify ideas, set alarms, and then make a decision when they go off. That's how I can watch so many coins at once. I know this is a lot of information, but you should not be taking many of these setups - I just take whatever comes first that I like. Then as the others come, I take them or leave them depending on how many positions I already have open and the status of Bitcoin.Choose the coins you like best. Set your alarms. Take what the market gives you. None of these are BUY RIGHT NOW situations. I am trying to give you ideas to watch... "IF" something happens "THEN" you consider doing something.Keep your risk management tight and do not overexpose yourself to too many positions. There's always another trade.ALL OF THIS IS DEPENDENT ON BITCOIN, WHICH IS STILL IN A TOUCHY SPOT!
The Wolf Den #55 - BTC Dominance And Alt Setups
The Wolf Den #55 - BTC Dominance And Alt…
The Wolf Den #55 - BTC Dominance And Alt Setups
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!Bitcoin is still shaky so trading any crypto right now carries slightly extra risk. That said, even when Bitcoin dropped yesterday, alts remained largely unaffected in their BTC pairs. That's why I decided to hold off yesterday - I wanted to see how they reacted before sharing more trading ideas. As you know, I trade to make more BTC and therefore more USD over time and rarely trade USD pairs. I believe trading USD pairs adds more confusion. So against BTC, they're still looking solid.There are a ton of setups here. You should NOT EVEN CONSIDER trading them all. I could honestly post 50 more. Alts look ridiculously good at the moment. This has the vibe of alt season, but don't get excited and start FOMOing. The reason I say that is that we are seeing 100% plus gains in a day on multiple coins lately (TFUEL, ARDR) and all of the setups are looking decent. Fingers crossed, but that sentiment could change in a moment.When I trade, I identify ideas, set alarms, and then make a decision when they go off. That's how I can watch so many coins at once. I know this is a lot of information, but you should not be taking many of these setups - I just take whatever comes first that I like. Then as the others come, I take them or leave them depending on how many positions I already have open and the status of Bitcoin.Choose the coins you like best. Set your alarms. Take what the market gives you. None of these are BUY RIGHT NOW situations. I am trying to give you ideas to watch... "IF" something happens "THEN" you consider doing something.Keep your risk management tight and do not overexpose yourself to too many positions. There's always another trade.ALL OF THIS IS DEPENDENT ON BITCOIN, WHICH IS STILL IN A TOUCHY SPOT!