Short term buy opportunity in SALT
Updated
First of all let me say that I'm new to trading and also cryptocurrencies in general. I am more of a stock fundamentalist investor. However, I decided to study and experiment with the crypto market given the crazy momentum. I've learned a lot in this site and thus I will also share my thoughts.
Salt has been recommended by some sources that I follow. CryptoInvestor (YouTube) recommended it on Dec 1st when it was US$4. This site has really good content. Palm Beach Confidential sent a Buy Alert on Dec 6th. PBC is a paid service with really impressive results, but it's very expensive.
This crypto allows one to use BTC as a collateral in a loan for cash. This could allow people to be leveraged and increase this bubble to higher levels. More information here: youtube.com/watch?v=J11raVdL1gY&index=1&list=PLv_49QFWO63aHOK1nOvv2j_vqR1_HlICP
To the chart, level 3 shows an uptrend, level 2 shows a retrace starting on Dev 17th on 22:00. This could lead to a BUY signal. It happened on level 0 on Dec 18 at 6AM when a shorter term retrace finished.
I'll keep you posted when the SELL signal happens.
Salt has been recommended by some sources that I follow. CryptoInvestor (YouTube) recommended it on Dec 1st when it was US$4. This site has really good content. Palm Beach Confidential sent a Buy Alert on Dec 6th. PBC is a paid service with really impressive results, but it's very expensive.
This crypto allows one to use BTC as a collateral in a loan for cash. This could allow people to be leveraged and increase this bubble to higher levels. More information here: youtube.com/watch?v=J11raVdL1gY&index=1&list=PLv_49QFWO63aHOK1nOvv2j_vqR1_HlICP
To the chart, level 3 shows an uptrend, level 2 shows a retrace starting on Dev 17th on 22:00. This could lead to a BUY signal. It happened on level 0 on Dec 18 at 6AM when a shorter term retrace finished.
I'll keep you posted when the SELL signal happens.
Trade closed: target reached
SALT has reached the SELL signal at 5PM. I've closed the position. Looking for other buying opprtunities.
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