#Notice as we can see and predicted, due to the constant rise of the price of BTC lots of our Altcoin Trades are hitting our stop loss. We accept our loses and we move further, there is some released capital for our trades to continue, but at this time its better to hold a bit. And as we always say, try to have no more than 30% of your assets in active trades and split this capital among 10-20 trades max. There are periods that we make a lot of money in every trade and other periods that the market fluctuates a lot. So everything is expected.
All the signals we receive today (again) present a risk of more than 4.2/5, because of the volatility, the market direction and correlations. This bring a risk not tolerated in our strategy.
Opera has officially launched the desktop version of its new browser with a built-in cryptocurrency wallet.
👉🏻 https://pst.cr/3xTD1
👉🏻 https://pst.cr/3xTD1
CoinDesk
Opera Launches Desktop Dapp Browser With Built-In Ethereum Wallet
Opera has launched the desktop version of its new browser with a built-in wallet for ether, ERC-20 tokens and CryptoKitties-style collectibles.
Another day without trades... risk on trades is still very high, so we will stay out of altcoin trades for today.
But if you want to try your luck allocate some small capital here:
#MTL ( Binance )
🎴Buy Range :: 9500 - 10000
🀄️ Sell Targets ::
12k - 14k - 16k - 19k - 21k - 24k
❌ Stop Loss :: 8.5k
🎴Buy Range :: 9500 - 10000
🀄️ Sell Targets ::
12k - 14k - 16k - 19k - 21k - 24k
❌ Stop Loss :: 8.5k
#ADX ( Binance )
🎴Buy Range :: UNDER 3000
🀄️ Sell Targets ::
3500 - 4000 - 5000 - 6500 - 7500
❌ Stop Loss :: 2500
🎴Buy Range :: UNDER 3000
🀄️ Sell Targets ::
3500 - 4000 - 5000 - 6500 - 7500
❌ Stop Loss :: 2500
We will stay out of trades, today also
Very risky market for altcoins
We will pause trading until the market stabilizes a bit so we can have lower risk. Don't forget, its not bad to pause trades... its better than losing.
The BTC begins its downward movement. Stay alert.
Thomas Lee : The drop in the correlation between alts and $BTC suggest alt-season could be underway — link (https://twitter.com/fundstrat/status/1119646089311866880)
Twitter
1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTC
This drop in correlation has started recently (lower part of chart and scale is inverted)
This is a data point to suggest alt-season…
This drop in correlation has started recently (lower part of chart and scale is inverted)
This is a data point to suggest alt-season…
Still the market is in a weird trend, but we will try some trades to test.
Don't forget that you should allocate 1 - 5% of your portfolio maximum in every trade.
You should always keep some BTC on the Side
You should not have all your assets in Binance... save them in a cold storage.
In case an exchange is hacked, you lose everything.
We trade about 20-30% of our assets only... The rest of our assets are just kept safe.
We also allocate totally about 3% of our assets in Margin Trading which is very risky, and we are testing various trategies and inside information.
You should always keep some BTC on the Side
You should not have all your assets in Binance... save them in a cold storage.
In case an exchange is hacked, you lose everything.
We trade about 20-30% of our assets only... The rest of our assets are just kept safe.
We also allocate totally about 3% of our assets in Margin Trading which is very risky, and we are testing various trategies and inside information.
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