LTC major move in crypto space. Seeing if it would be a leader. Clear level of price action the past couple of days for BTC. Bulls still need proving here but price holding price well. Normally I would have waited for more volume and a breakout to enter but I'm noting a clear price action area and tightening. Seems like market digestion but sustained sideways consolidation or maybe accumulation. Bull moves in the recent past from the start of the uptrend up until daily reversal have been strong. Price can also make it's way down again but seeing LTC's move I decided to put on a position here.
LTC D,
BTC D,
ETH D,
ETH 4h, also noting resistance target
Trade Review
Stopped fulfilled. At this point this is notable bullish weakness and bearish strength + continuation. Future positions will be trimmed even further and or cash position until daily LH's + HL's established. Daily trend is shifter to bears. Edit : other names have not confirmed the Daily downtrend. I can potentially trade stronger names like LTC mentioned before.
ETHD D,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-06-07 16:12:10 | ETH | buy | $248.520 | long |
2019-06-09 12:04:23 | ETH | sell | $235.000 | 0 |
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