Altcoins Bouncing From 200 Week MA after TD Sequential 9
Time to consider altcoins again, if only you could buy the market...
Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next week. Target for trading altcoins against USD would be to the 50 Week MA. ETH, LTC and XRP come to mind.
If altcoins fall below the 200 Week MA, then fuck it off.
Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next week. Target for trading altcoins against USD would be to the 50 Week MA. ETH, LTC and XRP come to mind.
If altcoins fall below the 200 Week MA, then fuck it off.
Trade active
LTCUSD (active trade): 
BCHUSD (active trade):
ETHUSD (completed trade):
TRXUSD (considering trade):
Trade active
Currently facing some resistance from the 200 Day MA ($83.5b) but as expected.RSI is close to overbought at 70 (probably tested it) but nothing to panic about.
Looking for a healthy consolidation, maybe to the 50 Day MA around $76.8b.
Note
See related ETHUSD trade:
Trade closed: stop reached
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Disclaimer
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.