Top 10 Coins

Bitcoin
% 1h
0.08
% 24h
1.98
% 7d
0.96
USD
18,909
EUR
15,640
GBP
14,177
     
Ethereum
% 1h
0.41
% 24h
2.67
% 7d
2.19
USD
589.46
EUR
487.55
GBP
441.96

XRP
% 1h
0.28
% 24h
4.13
% 7d
11.45
USD
0.6127
EUR
0.5073
GBP
0.4598
     
Bitcoin Cash
% 1h
0.24
% 24h
4.55
% 7d
16.32
USD
289.81
EUR
239.71
GBP
217.30

Bitcoin SV
% 1h
0.09
% 24h
4.14
% 7d
19.20
USD
168.69
EUR
139.66
GBP
126.59
     
Litecoin
% 1h
0.63
% 24h
4.75
% 7d
2.86
USD
86.51
EUR
71.62
GBP
64.92

EOS
% 1h
0.33
% 24h
3.11
% 7d
15.71
USD
3.020
EUR
2.500
GBP
2.270
     
Tether
% 1h
0.06
% 24h
0.52
% 7d
0.26
USD
0.9955
EUR
0.8233
GBP
0.7472

Binance Coin
% 1h
0.01
% 24h
1.36
% 7d
10.39
USD
30.24
EUR
25.03
GBP
22.69
     
Tezos
% 1h
0.37
% 24h
0.57
% 7d
11.14
USD
2.360
EUR
1.960
GBP
1.770

Excitement to End of a Rally- I’ve EXITED all swing trades & taken PROFITS – BEAR DIVERGENCE on SmartMoney Algo

Excitement to End of a Rally- I’ve EXITED all swing trades & taken PROFITS – BEAR DIVERGENCE on SmartMoney Algo


Bitcoin Live

A premium post from May 30th from our Analyst Mark Dukas.

Yesterday the BTC price came within $3.11 of my target on Bitstamp. $9,100 was met with an intense dump that I believe will continue until some stabilization. The SmartMoney algo yesterday afternoon confirmed BEARISH DIVERGENCE on the 480 min chart. This also happened when the price moved from $6k-20k. This time we moved from $3k-9k.

This isn’t going to be a one or two-day event. We now have to watch price action unfold and see where price action leads us. This market has gone up almost 200% and altcoins going up 15%-35% respectively during the month of May tells me now to TAKE PROFITS, be prudent and protect my capital.

With so many variables in place, I like to have CASH/TETHER available to re-deploy and not be left watching the price go back to my entries or giving back all the profit I worked towards.

You could see a bull trap, a continuation before the dump, FOMO, etc.

With not knowing how this will fully play out but I recognize and remember that I too have held a lot of positions far too long in my trading career. I couldn’t imagine making these mistakes over and over again.

Most people won’t want to see it with their eyes, their accounts, etc. But we rose almost 200%+ off the bottom to where the dump came in at that $9100 level.

Did you think this was going to be easy? I’m protecting capital and going to re-evaluate as my options open up again.

-Mark

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