Top 10 Coins

Bitcoin
% 1h
0.32
% 24h
0.33
% 7d
1.87
USD
9,257.6
EUR
8,160.9
GBP
7,371.4
     
Ethereum
% 1h
0.45
% 24h
0.42
% 7d
5.04
USD
239.38
EUR
211.02
GBP
190.60

XRP
% 1h
0.61
% 24h
0.44
% 7d
12.15
USD
0.1987
EUR
0.1752
GBP
0.1582
     
Bitcoin Cash
% 1h
0.96
% 24h
1.95
% 7d
3.58
USD
230.60
EUR
203.28
GBP
183.61

Bitcoin SV
% 1h
1.42
% 24h
0.45
% 7d
18.29
USD
182.46
EUR
160.84
GBP
145.28
     
Litecoin
% 1h
0.90
% 24h
0.94
% 7d
5.24
USD
43.87
EUR
38.68
GBP
34.93

EOS
% 1h
0.94
% 24h
1.79
% 7d
5.79
USD
2.550
EUR
2.240
GBP
2.030
     
Tether
% 1h
0.09
% 24h
0.13
% 7d
0.15
USD
0.9991
EUR
0.8808
GBP
0.7957

Binance Coin
% 1h
1.17
% 24h
0.93
% 7d
18.40
USD
18.34
EUR
16.17
GBP
14.61
     
Tezos
% 1h
2.88
% 24h
10.29
% 7d
27.92
USD
2.920
EUR
2.580
GBP
2.330

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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