Discover more from Stewdamus' Chart Analysis & Trade Alerts
Closed All Trades
After further analysis of these charts, I have made the quick decision to close all trades and capture my profits now before the weekend.
Closed Doge Short for 3% profit.
Reason: Bullish descending flag
Closed Ethereum for 6.65% profit.
Reason: Resistance at top of triangle and 200 day ma
Closed BTC for 3% profit.
Reason: Look at all that resistance! Level at 20,800, 100 day ma, top of bull flag
I will wait now to understand whether Eth and BTC are actually going to break up or will they drop down one more time in which case we can capture a better price. Once that is determined by me, look for new trade entry areas.