SXP still lost
SXP is my worst acquisition yet, I am glad it is marginally in the green. As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) SXP is below the Ichimmoku Cloud => no strength to the upside.
2) SXP Ichimmoku Conversion Line is below the Base Line => no strength to the upside
3) SXP is way below the 8W SMA => no strength to the upside.
4) SXP RSI is still flat and below 50 => no strength to the upside.
I remain bullish for the whole market, I remain bullish for SXP... but till the indicators above show some strength, SXP is going nowhere.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
1) SXP is below the Ichimmoku Cloud => no strength to the upside.
2) SXP Ichimmoku Conversion Line is below the Base Line => no strength to the upside
3) SXP is way below the 8W SMA => no strength to the upside.
4) SXP RSI is still flat and below 50 => no strength to the upside.
I remain bullish for the whole market, I remain bullish for SXP... but till the indicators above show some strength, SXP is going nowhere.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Unless you figure a way to make money while you sleep, you’ll work till you die.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.