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Weekly Newsletter

Hi Riders, last week we saw a bounce on altcoins and $NASDAQ while $BTC remained moving sideways.


Moving forward I do believe a big move is coming for $BTC during this week or the next one, as we can see the oscillator is almost at the middle of the chart for both $BTC and #Alts and the space between price and Rider Band lower limit is narrowing again. As the market is still bearish, chances for a downside move are higher until price gets above rider band again.


So for now , for my trades i will be looking for:

  • Still trading on the 1hr timeframe, both shorts an longs, locking profits agressively using our anticipation strategy (see tutorials)

  • In case market starts flipping bullish I willl be paying attention to our Bull-bear signals on the 4hr and daily timeframe for entries, and specially for exits on #alts that already pumped. (trend shift strategy)


For my DCA strategy:

  • Buying Bitcoin when we get red to purple colors on our Trend Rider Macro view indicator. Already bought some at 18-22K and have a ton of cash ready to buy if it dips again.

  • For Alts: I only buy (for DCA) if (i)we get pink or purple colors , (ii) if alt is close to a weekly support or a very strong one on the daily and (iii) the coin has good fundamentals.

    • i.e: FTM, PYR, ADA.

  • See our Trend Rider Macro View tutorial on our Full Detail page.


If an Altcoins has already pumped massively from bottom don´t chase it, move to the next higher timeframe and look for a resistance break there. Most #alts are already bullish on the 4hr timeframe, so look on the daily timeframe. Our Trend Support and resistance lines (orange and blue lines) (Rider Indicator #1) are specially helpful to detect trend changes.



$BTC chart

  • Not oversold anymore

  • Price getting ready for it's next move

  • Trend Indicators still bearish on the daily timeframe




Altcoins Chart

  • Watchout here, after a big bounce, price is right at Rider Band lower limit, which is the natural resistance after a bounce. So if you long for the midterm, be sure to have a clear stop loss and/or wait for a support test or trend resistance line break.



Examples for Altcoin good levels to DCA (consider that Alts are way more riskier than $BTC during bear markets, so if not confortable with risk just buy $BTC or wait)

ADA

  • Clear support at the weekly timeframe, I bought some $ADA here, no leverage.


FTM

  • Pink and purple colors on our Trend Rider Macro View indicator.


Comentarios


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