TRADE ALERT - SOLD EOS, IOTX!
#EOS #EOSUSDT #EOSUSDC #IOTX #IOTXUSDT #IOTXUSD #GODS #CULT #alts #altcoins
Quickly, I wanted to let you know that I am out on (2) two of my (4) four positions, EOS and IOTX with small profits of 8-10%. I will take that in this climate and will be updating the spreadsheet soon.
I have chosen to remain in (2) two positions, GODS and CULT, until either the targets or stop outs are hit.
Here’s my reasoning for the exit at this point in short:
1. DXY (the dollar) looks to be forming that “M Pattern” I have referenced in my past videos:
2. S&P and DOW nearing/hitting the 200 day ma along with the RSI in overbought territory. This in a bear market:
3.BTC.D at near bottom of range and RSI near oversold:
4. BTC back under $24,200, in an ascending wedge, and with the 100 day ma moving down overhead:
All of the above gives me a feeling of uncertainty in this market condition and could be signaling for another drop soon. I, admittedly, am playing my $10,000 portfolio relatively safe at this point. But I think it is wise to do so until we have confirmation of further clear directions and right now we do not. Alts that should have popped more are either popping, but far less than expected, or they are simply not moving up at all and merely going sideways.
Here’s the link to our Trade Tracker which will be updated with our current profits and balance shortly: