Top 10 Coins

Bitcoin
% 1h
0.56
% 24h
0.19
% 7d
4.76
USD
27,500
EUR
26,276
GBP
22,785
     
Ethereum
% 1h
0.57
% 24h
1.35
% 7d
3.34
USD
1,645.0
EUR
1,571.8
GBP
1,363.0

XRP
% 1h
1.63
% 24h
4.39
% 7d
7.16
USD
0.5371
EUR
0.5132
GBP
0.4450
     
Bitcoin Cash
% 1h
0.47
% 24h
8.42
% 7d
5.95
USD
228.48
EUR
218.31
GBP
189.31

Bitcoin SV
% 1h
3.16
% 24h
13.07
% 7d
17.70
USD
36.49
EUR
34.87
GBP
30.24
     
Litecoin
% 1h
0.20
% 24h
2.89
% 7d
0.87
USD
64.36
EUR
61.49
GBP
53.32

EOS
% 1h
0.49
% 24h
4.17
% 7d
2.33
USD
0.5773
EUR
0.5516
GBP
0.4783
     
Tether
% 1h
0.06
% 24h
0.01
% 7d
0.07
USD
1.000
EUR
0.9555
GBP
0.8286

BNB
% 1h
0.07
% 24h
1.38
% 7d
0.03
USD
212.38
EUR
202.93
GBP
175.97
     
Tezos
% 1h
1.16
% 24h
2.54
% 7d
1.35
USD
0.6668
EUR
0.6371
GBP
0.5525

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