Trade Updates - Taking Profit SEI, Mina.
We are well in the profit on 90% of our #altcoin #trades! Here's my #strategy and what #bitcoin may do next.
Good Morning Traders,
Woke up to find more rockets launching in the crypto space. SEI was up over 16% so, I had to take some profit and raise my stops to a bit over break even. It’s all profit from here on SEI.
Likewise, MINA which reached my first target. Raised my SL to only lock in profit from here on out.
The rest are on their way. I will be taking profits along to the way. Watch that spreadsheet below if you are interested in my trades and tradeouts. I do my best to keep it up to date.
Bitcoin is making new highs. I will likely raise my stops to 48k or more, pending candle close at the end of the day. It’s all profit in Bitcoin as well and I have been batting a thousand with Bitcoin. Because I have been doing so well with predictions, I wonder sometimes why I even bother with alts? Even with a few home runs, it’s hard to keep up with 100% batting average on Bitcoin. Thus, I will probably continue to make larger sized entries into Bitcoin vs. Alts. Anyways, I expect Bitcoin to hit some kind of resistance soon. Maybe 52k. Maybe 55k? But remember, ETF demand is 12x what miners can currently produce right now, so, any pullback will be short-lived and small, unless a world-wide geo-political situation interferes here (and we all know how likely this is).
Congrats on all your wins thus far if you have been following me!
Stew
