This was a bearish day for the crypto space in general. Lately bitcoin has taken the lead with most altcoins following. An assessment of bitcoin sets the tone for the rest. So, a bearish bitcoin earlier today suggested we be nimble.
We got in some near-term trades that didn't work out, but did limit the damage since they were tight stops. A couple of winners also helped weather the storm.
If you go to my google sheets trade board, you will also see previous day's trades back to 3/09/2018 as well as trim and add levels for BTC/USD, LTC/USD, and ETH/USD.
- Now, with the additional positions added during early Asian session, I am basically counting on some near-term rebound.
- So far, the pressure is still on with BTC/USD sliding back below $8000.
- Whatever happens, we will be back at it during the 3/27 US session.