BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Closed previous long for small profit and now short from 50800. Levels I have highlighted are where I think we are going but only up is on hold for the month of March IMO. Shakeouts are major element of this market where liquidity is hard to come buy, which is why many people end up regretting selling too early. If the top is in, at least there will be a HTF retest of the 58k region and at that point there would be another slow and arduous process of getting shaken out of your perfect short. So, its all relevant. As for alts: the only 3 I have real conviction in are Algo, Kyber and Matic. If you look at the price action of the latest additions to the market bar a few majors (Link and DOT), they are simply chopping people out their positions and stop hunting for liquidity. I can see from my own alt entries, even TA that was reasonable and partly work out, totally reverse and leave people at a small loss or breaking even. Not much use in trading these ponzis if they don't understand the concept of UP ONLY. The less said about EOS and VET the better.

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