*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team suspects that we might be getting a triple top on the dollar $DXY. This would signal a large melt-up rally for the markets if this scenario occurs. However, if $DXY miraculously manages to push itself through this resistance we will see a SUBSTANTIAL market correction and $BTC will plummet as well. Our stop loss at $32000 will save us if that scenario occurs.
My team has been buying the dip like crazy today, and we are honestly pretty nervous haha. This isn't a bad thing though because normally it's the scariest trades that wind up being the most profitable because everyone else is too afraid to push the buy or sell button.
MY TEAMS PORTFOLIO FOR MAY: Roblox $RBLX Cleanspark $CLSK Sofi $SOFI Tesla $TSLA Bitcoin $BTC. Very tech heavy, so we are totally relying on a market melt-up scenario with the possible retest of support by $DXY within the next couple of weeks.
Fingers crossed! GLTA!
Our entry: $36400
Take profit: Undecided
Stop loss: $32000
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team suspects that we might be getting a triple top on the dollar $DXY. This would signal a large melt-up rally for the markets if this scenario occurs. However, if $DXY miraculously manages to push itself through this resistance we will see a SUBSTANTIAL market correction and $BTC will plummet as well. Our stop loss at $32000 will save us if that scenario occurs.
My team has been buying the dip like crazy today, and we are honestly pretty nervous haha. This isn't a bad thing though because normally it's the scariest trades that wind up being the most profitable because everyone else is too afraid to push the buy or sell button.
MY TEAMS PORTFOLIO FOR MAY: Roblox $RBLX Cleanspark $CLSK Sofi $SOFI Tesla $TSLA Bitcoin $BTC. Very tech heavy, so we are totally relying on a market melt-up scenario with the possible retest of support by $DXY within the next couple of weeks.
Fingers crossed! GLTA!
Our entry: $36400
Take profit: Undecided
Stop loss: $32000
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comment:
Personally, we think we will get down to 33000 before we bounce back up after the CPI report data is released on May 11th. Expect turbulent waters until then for crypto and the stock market.
Comment:
We are still holding. We don't see any reason to sell into this weakness especially with the CPI report releasing Wednesday. If we can snag more bitcoin under $30k tomorrow that would be great, but we believe that the bottom is here.
Trade closed manually:
We sold out of our position today at $29400
