It has been quite a few days for crypto traders, as large caps alts pumped and dumped and Bitcoin finally made a move to the top of the trading range. In legacy markets, stocks continue to rise, even in light of the potential war with Iran. There is a lot of irrational price action in markets at the moment - very difficult to trade with conviction.I have been taking some profits across the board from positions in both crypto and legacy markets. I closed most of my alt trades and have started to sell my Tesla position, which is up 2.5x since my public entry. That trade is detailed in this newsletter.“Take your profits or someone else will take them for you.” – J.J. EvansA reminder - if you are unsure of market conditions or have made good money, it is never a bad idea to TAKE PROFIT. Any money in the market is there to lose - you have not made anything on a trade until you cash out.What’s in this issue?Bitcoin analysisSouth Korea and crypto taxesAltcoin TradesPlan your lossesWhat is an STO?Fed repoTesla trade for 2.5x
The Wolf Den #9 - Bitcoin At Resistance And More
The Wolf Den #9 - Bitcoin At Resistance And…
The Wolf Den #9 - Bitcoin At Resistance And More
It has been quite a few days for crypto traders, as large caps alts pumped and dumped and Bitcoin finally made a move to the top of the trading range. In legacy markets, stocks continue to rise, even in light of the potential war with Iran. There is a lot of irrational price action in markets at the moment - very difficult to trade with conviction.I have been taking some profits across the board from positions in both crypto and legacy markets. I closed most of my alt trades and have started to sell my Tesla position, which is up 2.5x since my public entry. That trade is detailed in this newsletter.“Take your profits or someone else will take them for you.” – J.J. EvansA reminder - if you are unsure of market conditions or have made good money, it is never a bad idea to TAKE PROFIT. Any money in the market is there to lose - you have not made anything on a trade until you cash out.What’s in this issue?Bitcoin analysisSouth Korea and crypto taxesAltcoin TradesPlan your lossesWhat is an STO?Fed repoTesla trade for 2.5x