RED WEEKEND BEFORE BREAKOUT ?
Good morning lads and ladies!
Here is a small update on the total market cap excluding BTC on the 4h time frame. The only one which looks bearish at the moment. No rush and no need to worry, all in all it is still very bullish on the major trend. We are still about to face some parabolic moves in the near future! It is all about risk management.
my idea:
While the 1, 2 and daily TF looks almost done dumping, the 4h is still showing some bearish momentum to me. The lower horizontal line is considered an important level to me. It seems likely to me that we visit this area before smashing resistance. Took some nice profits over the last two days and I am out of most margin positions, except GRT and 1INCH. Their risk-reward is very good atm, even if we drop more.
Shakeout before breakout. Risk management. Play safe.
Cheers!
Here is a small update on the total market cap excluding BTC on the 4h time frame. The only one which looks bearish at the moment. No rush and no need to worry, all in all it is still very bullish on the major trend. We are still about to face some parabolic moves in the near future! It is all about risk management.
my idea:
While the 1, 2 and daily TF looks almost done dumping, the 4h is still showing some bearish momentum to me. The lower horizontal line is considered an important level to me. It seems likely to me that we visit this area before smashing resistance. Took some nice profits over the last two days and I am out of most margin positions, except GRT and 1INCH. Their risk-reward is very good atm, even if we drop more.
Shakeout before breakout. Risk management. Play safe.
Cheers!