Sideways Bitcoin, Explosive Altcoins
As Bitcoin seemingly took a nap, altcoins have been partying like it’s 1999. Recently, I took profits on VeChain (VET) with a joyful 60% gain, and my exit from Stellar Lumens (XLM) was timed impeccably just shy of the peak. Meanwhile, I’ve re-upped my Bitcoin holdings at $8,375 after a promising run on Tron (TRX).
Bitcoin Trade: Welcome Back
Entered the Bitcoin world again on November 12 at $8,595. The main reason? Well, it looked like the price wasn’t eager to revisit the basement, and there was a significant liquidity area that screamed, “bounciness!” This area, marked by confidence-invoking green boxes, made it a prime bounce zone.
Diving into Technicals
Multiple timeframes displayed a bullish divergence with the relative strength index, plus we hit a 61.8% retracement—an ideal entry spot for many traders. All signs pointed to a solid position.
The Stop Loss Shuffle
As Bitcoin rallied, I moved my stop loss up to break even like a careful tightrope walker. I manually exited at even, just before Bitcoin decided to take a detour towards the $8,300s. Luckily, I swooped in for another long position post-drop at $8,375, keeping my eyes peeled for the next jump.
Tron: The Loyal Companion
Ah, Tron. My entries sit at various levels (.00000184, .00000210, .00000221), aiming for targets between .00000260 and .00000473. With a history of profit from Tron—catching its wild ride from sub .00000020 to a staggering .00002000—my renewed interest is all but simmering. After briefly dancing with discomfort, I managed to secure an 8% overall gain when the dust settled from the latest Bitcoin drop.
XLM’s Sweet Return
Reentering XLM with an entry at .00000797, my target was a solid 0.00000940, which turned out to exceed expectations with a quick wick to .00000942. My stop loss was cunningly placed, allowing me to soak up an impressive 18% gain. A well-timed accompaniment to my trading playlist!
VeChain: The Star Performer
On to VeChain! My journey began at .00000050, taking profits at .00000062 and snagging a brilliant 60% gain at .00000080. The price skyrocketed to .00000093, proving that while I get nervous, sometimes the market just loves a good thrill. I let 10% of my position ride for further targets.
Final Thoughts and Future Moves
The trading world is a wild rollercoaster with occasional face-palming tribulations and exhilarating highs. I’m holding steady on Harmony (ONE), Dogecoin (DOGE), and Holo (HOT), waiting for the opportune moment to pounce again. As always, trade smart and keep your research goggles on!