NOTE: Will today be the day for a major bullish breakout of the large crypto market? There are bullish signs on many large cryptos but we feel better playing the probabilities that patterns work “until they don’t” so we are skeptical that we’re headed straight to the moon.
That said, our trading strategies have said probabilities favor building ST/IT positions (even LT) while taking some profits along the way — so if today is the day, we certainly hope you’re happy with your trading strategy and positions. If not, don’t chase — go review the specific trades we’ve outlined and you can safely build positions by scaling in and clearly defined risk — if the bullish case is right, high prob you can still see great profits.
4 CHARTS — MOSTLY BULLISH BUT IF YOU’RE SKEPTICAL YOU’RE A GOOD TRADER
The charts have lots of info but maybe it’s the charts we’re NOT showing that are still red flags — LTC ETH and REP — If we’ve got ETC moving up strongly then why are these far stronger cryptos not leading the way up or at least showing strong bullish moves? Maybe they will soon — all worth watching.
Regarding NXT – we’re showing the ICO trade chart we shared a few days ago — hope you held some — NXT has GREAT upside potential–but as we’ve covered many times, it’s highly manipulated right now due to their incredibly complicated ICO. So far it hit our first target of .1350 (40% gain–nice) where position management made sense — now it’s fallen below — huge volume so far today — again buying dips on small positions could make sense here–but NXT has always been different–especially now, so probabilities don’t favor large positions.
review prior posts for more on NXT –targets are .135 .155 .185 .225-275 then possibly higher have to assess as we get closer IF we get closer.
the following chart is for STRATIS – traded only on BTC exchange:
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