Top 10 Coins

Bitcoin
% 1h
0.42
% 24h
4.80
% 7d
3.42
USD
5,935.3
EUR
5,334.4
GBP
4,769.2
     
Ethereum
% 1h
0.14
% 24h
4.30
% 7d
5.11
USD
125.21
EUR
112.54
GBP
100.59

XRP
% 1h
0.69
% 24h
7.26
% 7d
4.83
USD
0.1648
EUR
0.1482
GBP
0.1324
     
Bitcoin Cash
% 1h
1.11
% 24h
3.86
% 7d
6.39
USD
205.81
EUR
184.99
GBP
165.35

Bitcoin SV
% 1h
0.99
% 24h
4.52
% 7d
10.68
USD
149.90
EUR
134.73
GBP
120.44
     
Litecoin
% 1h
0.37
% 24h
4.22
% 7d
2.06
USD
37.29
EUR
33.51
GBP
29.96

EOS
% 1h
0.50
% 24h
3.80
% 7d
6.42
USD
2.120
EUR
1.900
GBP
1.700
     
Tether
% 1h
0.43
% 24h
0.57
% 7d
0.03
USD
0.9987
EUR
0.8985
GBP
0.8031

Binance Coin
% 1h
0.46
% 24h
6.03
% 7d
4.86
USD
11.42
EUR
10.26
GBP
9.170
     
Tezos
% 1h
0.53
% 24h
3.29
% 7d
8.56
USD
1.510
EUR
1.360
GBP
1.210

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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