Just want to make a quick update on my shorts that i posted yesterday, like i said i am only short in Eth and Xrp at the current moment but i will be closing these shorts in a few.
Why?
They both broke up and are re-testing the break zone right now, but i would suggest to long Eth before Xrp since it has way more buying volume right now.
Yesterday was for me a great example of why i said to not expose to much of your portfolio on short trade, Eth and Xrp we're looking bearish while Btc was still looking bullish.
That's why my shorts we're with theses two and not Bitcoin, while Bitcoin manage to go up by 2.80% in the last 16h , Eth retraced by -1.74% and Xrp by -5.31%. Even though i should of lost i still managed to make around 80% (Picture will be below)
So right now what are we doing?
We are only waiting to see if Bitcoin will manage to close over 7.8k, if so then i hope you're short-term, mid-term and long-term portfolio are ready to go because 8.5k should happen quick.
Like i said Eth and Xrp are directly at support right now, so this could be a good entry zone, but i suggest to be careful and wait to see the daily close but if you still want to risk a little i would long Eth way before Xrp here. (Entries can be around 142.1)
In a perfect scenario Btc close over 7 850 and from there we long, but i'm still not convince it will happen. MA50 is acting like a resistance around 7 940 and 7 850 is the support so it will be interesting to see how things develop today!
I will keep you guys updates when i take a position!
Why?
They both broke up and are re-testing the break zone right now, but i would suggest to long Eth before Xrp since it has way more buying volume right now.
Yesterday was for me a great example of why i said to not expose to much of your portfolio on short trade, Eth and Xrp we're looking bearish while Btc was still looking bullish.
That's why my shorts we're with theses two and not Bitcoin, while Bitcoin manage to go up by 2.80% in the last 16h , Eth retraced by -1.74% and Xrp by -5.31%. Even though i should of lost i still managed to make around 80% (Picture will be below)
So right now what are we doing?
We are only waiting to see if Bitcoin will manage to close over 7.8k, if so then i hope you're short-term, mid-term and long-term portfolio are ready to go because 8.5k should happen quick.
Like i said Eth and Xrp are directly at support right now, so this could be a good entry zone, but i suggest to be careful and wait to see the daily close but if you still want to risk a little i would long Eth way before Xrp here. (Entries can be around 142.1)
In a perfect scenario Btc close over 7 850 and from there we long, but i'm still not convince it will happen. MA50 is acting like a resistance around 7 940 and 7 850 is the support so it will be interesting to see how things develop today!
I will keep you guys updates when i take a position!