🎓Market Update🎓

Trading conditions have been really poor throughout the month. Low volume on Altcoins and price stagnation on BTC results in a very slow market. Slow can be dangerous, with many false breakout signals, developing trading ranges and bleeding prices with support levels failing one after the other.

It's hard to recognize it for what it really is, but what we saw back in October November was an "Alt season" so to say, and most of the market has been cooling down ever since.

For our Smashing Watchlist. We are up this month! We selected a few nice assets to trade and although they all have not performed until now, Half the list has brought in just over 90% in the last 15days. The first target on $QTUM the two targets on $WAVES and the first target on $ETC were all great trades.

🎓 Trade Update 🎓
🎓 $WAVES/BTC - View Chart

🔸 Status: Waves went on to trigger our second target. A wooping 68% profit on that order. This target was missed by the narrowest of margrins a week or two ago when it was doing the intitial run. This victory would have been much sweeter if we made that profit is less time.

🔸 Current Price: 0.0001485
Entry: 0.00008450
🎯Take Profit: 0.0001045, 0.0001425
⤴️ Stop: Closed

🎓 Trade Update 🎓
🎓 $ETC/BTC - View Chart

🔸 Status: ETC has started coming back to live, cashing in our targets slowly but surely. Its rare to find a winning trade in this market and ETC has come through for us this dry market.

🔸 Current Price: 0.0006321
Entry: 0.0005355
🎯Take Profit: 0.0006150, 0.0007145
⤴️ New Stop: 0.0005910

$ADA

Game plan remains the same.
Look for shorts at H12 breaker and longs on a break of range high.


https://www.tradingview.com/x/oGiHrYSN/

$TRX

Reclaim of 190+ for a long and short a break down and retest down to 165-170


https://www.tradingview.com/x/Oe6KVmid/

$LTC

Completely out of range with new yearly lows.

Would long a H12 MS shift to 2018 pivot.


https://www.tradingview.com/x/19zjoYdc/

$EOS

Still looking at highs in red for a short and or reclaim of mid EQ for a long.


https://www.tradingview.com/x/WDPIL9tr/

$XRP

Simpler setup for cripple.

Lows below along with demand in Grey. Sweep+ tap for a long.


https://www.tradingview.com/x/FmQJklFL/

$BTC

Another option I’m looking at.

Range low tap or deviate with close above and I’m long.


https://www.tradingview.com/x/K9KxNmdL/

Exchange: ByBit/BitMex
Coin: XBT/USD
Entry at 7120 - 7220
Sell at 7005 - 6893.5 - 6782.7 - 6609.5

Remember to open SHORT position!

Use 5x or cross leverage (2 - 5% balance)
Stop Loss : Above 7317

A trade that I slept on. That's the kind if insurance you need to have tied with the analysis.

Huge red candle to $6856 and showed a quick reaction. Two targets cleaned. I see some more red coming in soon. Will drop another short in a bit.

$GOLD

High taken on gold. Going to wait for some fake out + deviation above before break down and shorting.

FA pretty bullish on gold so not taking an early trigger.


https://www.tradingview.com/x/p6R2eDTO/

$USDCHF

Pretty bullish on swissy.
Lows swept and looking for shift for a long.


https://www.tradingview.com/x/TaSfybSu/

$BTC

Chad close for btc but might be rounding out here. More focused on the long limit I have below sub 7k.


https://www.tradingview.com/x/SfMNQkFp/

$BCH

Chart for bitcoin cash. One of the few alts I trade but FA is bullish. Horrible wick on mex few days ago so I avoid trading it but if we get a tap of formed demand and yearly retest I’ll gun a long.


https://www.tradingview.com/x/zIVcy6mm/

$ETH

4 taps at H12 range high. Breakout soon imo prob a small pullback + consolidate then chad candle to the upside.


https://www.tradingview.com/x/ugwjzLfn/

Exchange: BitMex / Bybit
Coin: XBT/USD
Entry at 7300 - 7340
Sell at 7388 - 7455 - 7591 - 7740

Remember to open LONG position!

Use 5x or cross leverage (5 - 7% balance)

Stop Loss : under 7143

Small write up on price action delivery for anyone interested.


https://twitter.com/rektproof/status/1213963585795153925?s=21

$BTC

Nothing set but not liking how price made a new range (red) deviated outside and closed back in. Similar to the HTF range (black). Might scalp a short if we retest range high (red) and fail to close outside.


https://www.tradingview.com/x/dfSKNhGN/