King Of Sclaping 👑

Nous bougeons sur ce canal à partir de maintenant : https://t.me/auroracryptoo Tous les post de D. Serons poster dessu

The total open interest is (perhaps surprisingly) high here, and thus it is more likely that the next move could be quite a strong one, whether to the upside or downside.

There is that time in the market when the altcoins pop, one by one. We had something like this recently. We pay attention to things that go up, that is natural. I prefer to buy pullbacks instead of big green candles - at some kind of support. The other hint for today is to find decent coins that haven't popped seriously yet and go for it. More often than not, they follow hours or days later. Today when I woke up, I opened a long at FTM, which suffered a huge dump when Andre Cronje left the defi space some weeks ago.

Trading altcoins is interesting cause there are so many of them, and there is always one that is doing something interesting. There was a time when altcoins were an uphill battle - in other words, if you were right about the direction being up, you would do well with simply buying BTC. In fact, most of 2018 through the end of 2020 were like this. January 2021 saw a large shift in sentiment and since then, the alts have done well.

Btc for now is drawing a symetrical triangle on 4h, and is currently at the resistance. Not a bad spot to look for a short, but watch your risk. The open interest went up substantially yesterday, and if price goes sub 43-43.5K, many of those positions will be trapped.

If you daytrade, keep your entries sharp. If you don't, you will spend much more time in minus which will lead to more mistakes. The time underwater should be as short as possible.

As for the BTC ascending triangle I posted above, I do think that the upside resolution is much more likely. I also expect it to take a few more weeks, however.

The BCH short scalp worked out nicely, it fell more than twice as much as BTC.

If you look for something to short, BCH could be a good candidate in terms of looking for setups. It just had a nice rally and performs poorly in the long run.

BTC is in an ascending triangle, which is a reaccumulation pattern.