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!Make sure to use code SCOTT25 after you download the Voyager App to get $25 in free Bitcoin.Surprise! A quick issue to show you a few charts that I am watching today, all of which were previous trades that may finally be starting to work. I am sure there are a ton of coins that looks good now, but these were already on my radar. Yesterday's setups on MATIC and WRX are both breaking out and still look amazing, so I am happy about that. BTT has not triggered, as it has not closed a candle confirming a breakout. HOT is a weekly chart, could take months to play out, but nothing changing there. Always understand the time frame of a trade.All of the usual disclaimers - Bitcoin is in a strange spot, markets are closed for the holiday etc. If BTC decides to sneeze, alts could suffer. That said, Bitcoin Dominance continues to drop, which is a potentially good sign for alts this weekend. Use good risk management, keep your positions appropriately sized and use stop losses. As always, plan your LOSSES, not your wins. I always expect to lose on a trade - no big deal because it's part of the plan.I am still flat on Bitcoin, not seeing anything compelling there. I would not be surprised if it stays in this area and ranges for quite a while. I would be equally unsurprised by a massive move, to be honest!
The Wolf Den #71 - Trades
The Wolf Den #71 - Trades
The Wolf Den #71 - Trades
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!Make sure to use code SCOTT25 after you download the Voyager App to get $25 in free Bitcoin.Surprise! A quick issue to show you a few charts that I am watching today, all of which were previous trades that may finally be starting to work. I am sure there are a ton of coins that looks good now, but these were already on my radar. Yesterday's setups on MATIC and WRX are both breaking out and still look amazing, so I am happy about that. BTT has not triggered, as it has not closed a candle confirming a breakout. HOT is a weekly chart, could take months to play out, but nothing changing there. Always understand the time frame of a trade.All of the usual disclaimers - Bitcoin is in a strange spot, markets are closed for the holiday etc. If BTC decides to sneeze, alts could suffer. That said, Bitcoin Dominance continues to drop, which is a potentially good sign for alts this weekend. Use good risk management, keep your positions appropriately sized and use stop losses. As always, plan your LOSSES, not your wins. I always expect to lose on a trade - no big deal because it's part of the plan.I am still flat on Bitcoin, not seeing anything compelling there. I would not be surprised if it stays in this area and ranges for quite a while. I would be equally unsurprised by a massive move, to be honest!