Whale Watchers Weekly Trading Picks: Returns From 4/06-4/12
Noted publicly on Twitter 4/07 @ 8:38am PST
Bitstake 320%, Arch 190%, Navajo 80%, Geo 25%, Ruby 15%
Whale Watchers Group Members exclusive picks on 4/07 @ 9:08am PST:
Crave 570%, Bitstake 320%, Arch 190%, Via 90%, Navajo 80%, Start 70%, Cannabis 60%, Bitbay 45%, Fuel2 45%, Shadow 35%, Geo 25%, Hyper 15%, Ruby 15%
Weekly BTC, LTC, DRK USD trade recommendations for group members:
BTC: Long@ $241-$232 // (active trade-averaged down)
LTC: Long@ $1.64 // Exit@ $1.59 -- (waiting to re-enter)
DRK: Long@ $3.78 // Exit@ $3.65 -- (waiting to re-enter)
News:
BTC/LTC/DRK(USD crosses):The forecast I made on 3/24 for a 4/07-4/11 Low hit on 4/10. BTC has been moving sideways for days since. Most likely partially due to the resurgence in alts. Look for a break above $240 (or below $230 if we reverse).The reversal window continues for another week, so I'll let you know if we hit another one. If we avoid a reversal, the markets will move upward until 4/21-4/25. If GBTC comes online this week, or there is positive news about Gemini, BTC should rally. Otherwise, expect more choppy movement.
Alts:Alts are back! Our altcoin trades were spectacular this past week. Volume has returned to the altcoin market and it feels a bit like the summer of 2014. That said, be careful. There are new coins popping out of the woodwork with big promises. Remember the lessons we all learned last year. Get in, make some profit, and get out. Don't get married to a coin. Pump and Dump groups are regathering as we speak. New names, same games. Use common sense and trade carefully. Arch and Cann are good long term trades. Look for more upward movement in both this month. Play the winners.
Don't forget to follow me on twitter: knightlife999. Simple guidelines for trading my altcoin picks (tweeted on Tuesday mornings): Buy at the lowest low within 24-30 hours after I post the picks. Exit at the high between Wednesday and Sunday. Buy on dips, sell at peaks. Take profit and move on.
Tip of the week:
Commodity Channel Index (CCI) is a great tool for identifying entry and exit prices. If you are an Intraday trader this tool should definitely be on your charts. It works well on 15 and 30 minute charts, but can also be used with 1-4 hour charts as well. Default settings are fine for any bar time frame. Use CCI in conjunction with EMA and MACD to increase your entry/exit accuracy.
Join us and take the guessing out of your trading decisions.
Sent you a PM, my friend