Today is a down day as expected. We still do not know if this is that longer term trend change I have been alluding to. Really, this is still all about the dollar as my ‘Market Update’ yesterday indicated. As the dollar continued to drop this morning, markets moved up (crypto included). Then, the dollar started to pop in the late morning here in the U.S. and guess what the markets did in reaction to this price movement? That’s right. They dropped (again, crypto included) at almost exactly the same time further indicating and confirming the inverse correlative effects. It may be that the dollar comes back up in the next few days which would in turn bring the markets down a bit. But I don’t want to bank all of my reserve cash on this idea so I took the time to distribute about half of my cash reserves into some greatly promising crypto setups that I see today. You will see the details of these trades below. All of these cryptos remain in beautiful setup position and/or are greatly oversold and ripe for a pump. But mainly, I invested in these positions because they were down the most when I made the trade while all the cash I used I took from my up coins yesterday as you know.
Basically, I’m playing the difference between various altcoins so that while to market continues to drawback, I can remain at break even and, at least stop any bleeding. I want to remained poised long and ready for what I believe is coming soon.
Some of my cash will remain in reserve until I can no longer stand seeing these deals scroll by! Below is a chart of what I am actually most interested in buying soon. I have put arrows next to the cryptos that have especially attractive entries, setups, and pricing (at least for today):
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