 |
September 20, 2014, 06:50:53 PM |
|
Well, I am terribly out of position on my latest trade after taking profit yesterday (I've been busy with work so I am only checking back once or twice per day which is kind of a challenge in such a chaotic period) so this isn't my play, but look at the alts right now (especially LTC). They've broken the uptrend on the 15-min chart and appear to be readying a downturn to stay below the trend line. Given that LTC has played the role of a leading indicator in the last two drops, this might be a good point to take profit (if you bought in lower than this price recently). This doesn't even mean that we aren't generally on the way up, but you should be able to take profit now and reenter at a lower point (and also, then, you aren't carrying the risk of how severe that low will be). It's a thought. Most people don't feel comfortable playing the trading game and for good reason, but for those who do that -- that's what I am seeing and, if you see it too, then it may be something you can act on.
|