Alts are picking up volume again and we are loving it :)
Binance is showing most of the action currently but other exchanges are starting to pick up a little bit of volume as well.
We want the markets to show a healthy history of trade volume because cryptos are still a high risk class and we do not need to take on even more risk by trading the penny stocks of cryptos with serious amounts of our capital.
Until we can all trade from our own wallets we will have to do with exchanges if you want to trade a lot and this means managing the risk actively.
Back to the trade,
BAT is showing some good volumes and is available on a lot of exchanges for some time now which makes it a good pair to trade.
Right now, BAT is taking a breather before trying to continue upwards. We have some bearish divergence on the RSI and we may get a nice dip here that we can buy.
The green Fibonacci levels are based on the major price swings and represent my desired buy range in this chart. The goal is to secure the profit in a bounce from these areas and ride the remaining position where we can add to this position at the break of the last high.
For discussion you are always welcome in our Discord channels. Feel free to check out our articles on Coinstreet.NL (articles are in English, we can provide Dutch versions on request) or jump in the channel to join the discussion or learn about Coinstreet.
Binance is showing most of the action currently but other exchanges are starting to pick up a little bit of volume as well.
We want the markets to show a healthy history of trade volume because cryptos are still a high risk class and we do not need to take on even more risk by trading the penny stocks of cryptos with serious amounts of our capital.
Until we can all trade from our own wallets we will have to do with exchanges if you want to trade a lot and this means managing the risk actively.
Back to the trade,
BAT is showing some good volumes and is available on a lot of exchanges for some time now which makes it a good pair to trade.
Right now, BAT is taking a breather before trying to continue upwards. We have some bearish divergence on the RSI and we may get a nice dip here that we can buy.
The green Fibonacci levels are based on the major price swings and represent my desired buy range in this chart. The goal is to secure the profit in a bounce from these areas and ride the remaining position where we can add to this position at the break of the last high.
For discussion you are always welcome in our Discord channels. Feel free to check out our articles on Coinstreet.NL (articles are in English, we can provide Dutch versions on request) or jump in the channel to join the discussion or learn about Coinstreet.
