Trading Fam,
I know my crypto portfolio is getting destroyed as I prepare for a future altcoin run towards the latter half of this year. And it sucks. Bitcoin hodl'ers definitely look like the true champions at this point outpacing us altcoin traders by a huge margin. However, I've been through this before. Multiple times. And I know that when they run, altcoins will more than make up for our losses and pay massive dividends. We simply have to remain patient and stick to our strategy which is to continue to look for those great entries into some of our larger cap altcoins. So, that is what I'll do until one of two things occurs: A) either my portfolio dies completely or B) I am able to prove that altcoin traders can eventually beat the Bitcoin hodl'ers. It will be option "B". That's my final answer.
You get to watch all this unfold. And fortunately for you, I am the guinea pig. If you want to join me in these trades, you have that option. If you want to sit by and watch this entertainment, which admittedly hasn't been pretty as of late, you can do that too. But, in my heart of hearts, I believe our strategy will eventually pay off.
With that said, I've long been waiting for my indicator to give me the signal on this outstanding altcoin, HBAR. I mean, it's been months. The last time it flashed green for me we went from 12 cents to 24 cents. Unfortunately, my cash reserves were locked up in other trades. Today is different.
I've entered this trade at around 15 cents. My first target will be 17 cents. My final target will be 23 cents giving us more than 50% profit if achieved.
On the technical side, you can see that we have entered a beautiful area of large liquidity. This is where buyers typically step in. My bet is that they will do so again to break us to the upside of that descending trendline taking us at least to our VRVP point of control on this chart (yellow line).
I know that it is not easy trading alts in this volatile political/geopolitical global environment we have somehow sadly inherited. But I have to remain optimistic that the collective good in man will eventually prevail over the corrupt and mostly misanthropic characters we call "leaders". Once these tides begin to shift and show, massive energy will propel us onward and upward into the future. I believe cryptocurrency will help in this shift. What we will then witness will be like nothing we've seen before. This remains my hope as I continue to tread these perilous trading waters.
✌️ Stew
I know my crypto portfolio is getting destroyed as I prepare for a future altcoin run towards the latter half of this year. And it sucks. Bitcoin hodl'ers definitely look like the true champions at this point outpacing us altcoin traders by a huge margin. However, I've been through this before. Multiple times. And I know that when they run, altcoins will more than make up for our losses and pay massive dividends. We simply have to remain patient and stick to our strategy which is to continue to look for those great entries into some of our larger cap altcoins. So, that is what I'll do until one of two things occurs: A) either my portfolio dies completely or B) I am able to prove that altcoin traders can eventually beat the Bitcoin hodl'ers. It will be option "B". That's my final answer.
You get to watch all this unfold. And fortunately for you, I am the guinea pig. If you want to join me in these trades, you have that option. If you want to sit by and watch this entertainment, which admittedly hasn't been pretty as of late, you can do that too. But, in my heart of hearts, I believe our strategy will eventually pay off.
With that said, I've long been waiting for my indicator to give me the signal on this outstanding altcoin, HBAR. I mean, it's been months. The last time it flashed green for me we went from 12 cents to 24 cents. Unfortunately, my cash reserves were locked up in other trades. Today is different.
I've entered this trade at around 15 cents. My first target will be 17 cents. My final target will be 23 cents giving us more than 50% profit if achieved.
On the technical side, you can see that we have entered a beautiful area of large liquidity. This is where buyers typically step in. My bet is that they will do so again to break us to the upside of that descending trendline taking us at least to our VRVP point of control on this chart (yellow line).
I know that it is not easy trading alts in this volatile political/geopolitical global environment we have somehow sadly inherited. But I have to remain optimistic that the collective good in man will eventually prevail over the corrupt and mostly misanthropic characters we call "leaders". Once these tides begin to shift and show, massive energy will propel us onward and upward into the future. I believe cryptocurrency will help in this shift. What we will then witness will be like nothing we've seen before. This remains my hope as I continue to tread these perilous trading waters.
✌️ Stew
Note
Today, target #2 was reached and my SL has been moved up to the target. We are now assured of at least 53% profit on this trade. My new indicator has been hitting it out of the park. Another half year or so of testing and I will start to make this available to the public. Congrats to all who followed me in this trade!Trade closed: target reached
Good Morning Trading Fam,As mentioned yesterday, HBAR reached and exceeded our Target #2. Consequently, I moved my SL up to this level and let the remainder of our position ride. If we had tagged that level above us (.264), I might have sold the remainder. We almost hit it, but came just shy. Now, we have returned to my target (SL) and I have been stopped out with a 55% profit to show. I will begin searching for a new position and will post it here once I find one.
Congrats to all those who followed me in this trade! Let’s continue the streak.
Stew
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.