Top 10 Coins

Bitcoin
% 1h
1.05
% 24h
0.75
% 7d
3.33
USD
42,518
EUR
37,463
GBP
31,175
     
Ethereum
% 1h
1.82
% 24h
2.08
% 7d
5.39
USD
3,196.1
EUR
2,816.1
GBP
2,343.5

XRP
% 1h
1.20
% 24h
1.39
% 7d
6.28
USD
0.7522
EUR
0.6628
GBP
0.5515
     
Bitcoin Cash
% 1h
0.74
% 24h
1.05
% 7d
2.13
USD
375.96
EUR
331.28
GBP
275.69

Bitcoin SV
% 1h
1.07
% 24h
0.47
% 7d
2.60
USD
110.08
EUR
96.99
GBP
80.71
     
Litecoin
% 1h
1.61
% 24h
2.29
% 7d
1.33
USD
139.88
EUR
123.25
GBP
102.56

EOS
% 1h
1.23
% 24h
1.16
% 7d
2.90
USD
2.800
EUR
2.470
GBP
2.060
     
Tether
% 1h
0.03
% 24h
0.06
% 7d
0.02
USD
1.000
EUR
0.8822
GBP
0.7342

Binance Coin
% 1h
0.98
% 24h
0.21
% 7d
3.85
USD
468.14
EUR
412.48
GBP
343.25
     
Tezos
% 1h
1.33
% 24h
1.57
% 7d
8.64
USD
4.010
EUR
3.540
GBP
2.940

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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