Sold Bitcoin and Raised Stops
Nice 15%+ Profit on this Trade. #bitcoin #crypto #altcoins
Bitcoin almost reached my 53,500 level. As it neared, sellers came in causing the candle to form a shooting star on the daily. Though the candle has not been completed yet, I am sensing that we are nearing a local top and a bit of a pullback can be expected. Our support remains at around 48k, an area I will look to re-enter, if/when we get there.
For the remainder of the altcoins that I am in, I have raised my stops to just above break-even because I don’t want to take a loss should Bitcoin begin to sell and lead alts down that same path. There is one exception, POWER. I have raised this stop to 32.5 cents which is just below break-even.
I will be re-evaluating price action at the end of the day and may then decide to close or take some profits on my alt positions.
