Reviewed quite a few topics today! Also covered several portfolio updates and trade management activities.
* We've been talking consistently for the last week about the Feb. 18 Gov't BITSTAMP:BTCUSD auction being an important potential pivot. This is reviewed in detail and as well as the price action preceding the breakdown.
* Reviewed the way I exited either 1/2 or 60% of several of my long Kraken coins against recent highs to establish "risk free positions" - using this chart:
* Generally feeling like the market is going to take a few weeks to retrace and consolidate before signaling bullish continuation.
* I'm looking to reload on names like COINBASE:ETHUSDCOINBASE:LTCUSDCOINBASE:EOSUSD BINANCE:OMGUSD and anything else I've already sold half of with retraces between 61.8% - 78.6% of their ranges.
* Spend some time reflecting back on the CRYPTOCAP:BTC.D and how I like to use it as a proxy for crypto sentiment.
* For probably a good 5 minutes I talked about BITTREX:DOGEBTC and used it as an example of the "Little Old Lady" strategy I run on the binance (100X challenge account). Buying against lows, selling on doubles, yada yada.
TLDR; Hunt longs @ bottom ends of ranges!
COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day!