Probability Low - Reduce Risk
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Description
Crypto has many down trends right now with bitcoin, Link, XRP, BCH, DOT, Binance, ADA and XLM all showing down trends on daily and the 8-hour. For cryptotraders, it's about knowing when to hang back. Right now, I am seeing a decreased probability for continuation which means a higher % for a loss. With this being said my actions are to sit out or reduce risk. Be safe! See acast.com/privacy for privacy and opt-out information.
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Bitcoin looks as though it has found the upper side of the channel it is in. I wouldn't be surprised to see a pullback now. $41,000 is resistance, can we break it this time around? ETH, DOT, BNB, UNI, BCH, LTC, DOGE, and ADA are all fairly messy. XRP had a good push higher yesterday and I am...
Published 07/29/21
Bitcoin has been taking back its market dominance of late and I discuss this on the show. Eth, BCH, DOT, BNB, LTC, XRP UNI, and DOGE are all down. Be kind, be aware, and don't freak on a pullback. See acast.com/privacy for privacy and opt-out information.
Published 07/28/21
Is Amazon about to accept Bitcoin or is this just a rumor? Only time will tell. That being said, we have seen 6 days now of buying on BTC and across major markets. Eth is up 35% from the lows, ADA, BNB, XRP, DOT, BCH, DOGE, UNI, LTC, and LTC are all up somewhat the same. The monthly candles are...
Published 07/26/21