Total Marketcap looks like it's about to run 30%. Got Alt coins?
Total market cap of all crypto looks just closed another week above the Grand Fibonacci line at $238.7 Billion.
That clears us for more up side up to at least the blue trend line around $340 Billion. If we do manage to poke a a wick above that, then the next target will be around the next Grand Fibonacci line at $386.24 Billion. I do not think we are off to the races to new highs yet. This is a swing trade with an exit strategy around Late July/Early August.
This all leads me to believe it is time to take a few ALT coin positions. I am going back to my ALT/BTC pair charts for a few of the larger cap coins with plans to distribute some medium term swing capital into a few that are still needing to play catch up as well as some that have been strong lately.
I am taking some diversified positions into LTC, BCH, NEO, LINK, and HBAR.
I have targets set for each around 25-45% higher priced in USDT.
My stop losses will be set about 10% under entry and will be moved to break even when the trades are 10% profitable.
That clears us for more up side up to at least the blue trend line around $340 Billion. If we do manage to poke a a wick above that, then the next target will be around the next Grand Fibonacci line at $386.24 Billion. I do not think we are off to the races to new highs yet. This is a swing trade with an exit strategy around Late July/Early August.
This all leads me to believe it is time to take a few ALT coin positions. I am going back to my ALT/BTC pair charts for a few of the larger cap coins with plans to distribute some medium term swing capital into a few that are still needing to play catch up as well as some that have been strong lately.
I am taking some diversified positions into LTC, BCH, NEO, LINK, and HBAR.
I have targets set for each around 25-45% higher priced in USDT.
My stop losses will be set about 10% under entry and will be moved to break even when the trades are 10% profitable.