🎓 Mashed Market Commentary 🎓
Alright, we have a move to work with. I have been watching charts and scouting Alts all weekend, but it's all for not if BTC doesn't play along.
#BTC has "dumped" so to say, or that's what you see people talking about. Some $40mil worth of long positions got licked earlier today, but we have taken our fill on this move. Entry calls at $10 100 have been filled. Price was about $60 short of the second entry at 10k.
BTC Dominance has crossed a significant line. The 25MA has held this uptrend in check. It has now been crossed definitively. Ethereum is showing strength on the USD pair. Could the correlation be breaking?
The market is still very much at a precipice, fear greed has been at a standstill for weeks now. Traders have been slightly fearful over this period with average readings clearly at about 40% Fear.
RSI scanner is looking pretty uneventful. Only the top 4 currencies are pulling in more than 2000BTC volume for the day. #BNB is tops and its flat as could be. #EOS is cooling off a bit after the rush late last week. #LINK is rising and could be a buy signal there. #XRP seems to have had a pitiful response to the BTC dump. This isn't altogether bad news, could the correlation also be breaking on Ripple?
Alright, we have a move to work with. I have been watching charts and scouting Alts all weekend, but it's all for not if BTC doesn't play along.
#BTC has "dumped" so to say, or that's what you see people talking about. Some $40mil worth of long positions got licked earlier today, but we have taken our fill on this move. Entry calls at $10 100 have been filled. Price was about $60 short of the second entry at 10k.
BTC Dominance has crossed a significant line. The 25MA has held this uptrend in check. It has now been crossed definitively. Ethereum is showing strength on the USD pair. Could the correlation be breaking?
The market is still very much at a precipice, fear greed has been at a standstill for weeks now. Traders have been slightly fearful over this period with average readings clearly at about 40% Fear.
RSI scanner is looking pretty uneventful. Only the top 4 currencies are pulling in more than 2000BTC volume for the day. #BNB is tops and its flat as could be. #EOS is cooling off a bit after the rush late last week. #LINK is rising and could be a buy signal there. #XRP seems to have had a pitiful response to the BTC dump. This isn't altogether bad news, could the correlation also be breaking on Ripple?
#EOS/USDT (Binance Futures) ‼️
SHORT
Leverage : 10x
Entry : $2.630 - $2.645
TP(s) : $2.61 | $2.595 | $2.570 | $2.550 | $2.525
StopLoss : $2.675
(#Scalping_Trade)
SHORT
Leverage : 10x
Entry : $2.630 - $2.645
TP(s) : $2.61 | $2.595 | $2.570 | $2.550 | $2.525
StopLoss : $2.675
(#Scalping_Trade)