Sold JUP For %44 Profit In Just 9 Days

#tradealert #jup #jupiter #altcoins

Traders,

I stated in yesterday’s video, I believe the altcoin bottom may be in. So, why did I sell here? Well, if you’ll remember, I also stated that DXY, VIX, GLD still have room to move up, making my thesis then that SPY (and stocks) still have room to move down. Bitcoin will probably follow. If not, it will move sideways. And any indication that Bitcoin will pullback further will freak altcoins out. Essentially, alts might then likely drop and form a double-bottom (see chart below):

TOTAL3

If I am right about all of this and the price plays out the way I think it might, I want to take some risk off and re-enter at a better price OR (second option), I want to see concrete indication that the pullback has completed and we will continue up. I am now looking for confirmation on the weekly.

During uncertainty, I am more than happy to trade out of a more risky position and take nearly 44% profit! So, I took my profit on Jupiter for now. I may look to re-enter but it has to drop back down to a price of