It's currently consolidating in a bullish pennant on the 6 hour. It has the potential to make a sizable move (so higher or lower) within a week or 2. If you are to buy in, buy in at the lows in the trend, and be sure to set a tight stop-loss. Bitcoin still has the chance of crashing down to 5,000, so alts will be taken down with it.
The "Pro" title in my name means nothing. DYOR.
The "Pro" title in my name means nothing. DYOR.
Trade closed: stop reached
Trend is broken. Bitcoin is making some gains, so it's probably causing disruption among most of the alts.Trade active
Nvm, back on.Trade closed: target reached
Take some profit and roll the winner. With the market being so bear, it's pretty risky.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.