I'm back everyone! Let's head on over to the one that took my money and is currently giving it back slowly, GMT! GMT is surprisingly in the limelight once again as it just made an ATH yesterday and tried for another today! It's amazing how things are right now and the whole thing looks extremely bullish. I have no idea where it will go in a few days, but I know I'm just going to trend follow, short and long accordingly.
As always, anything I mention here is not financial advice but my thoughts and my plans on the tokens discussed. Let's head on over to BTC!
BTC Situation
After the Head and Shoulders pattern materialized the market did a 180 and went NOPE. Now on a solid pullback, we've hit with a solid long red candle on the hourly. A pull back was expected but the long red candle makes me slightly apprehensive. Hopefully in the next few hours we will see a solid continuation to the 50k area!
My Trades Today
GMT
GMT had 2 ATH attempts in the last 24 hours which was pretty impressive. Currently there is a sign of weakness in the hourly, but we'll see how things go in the next few hours. As I said earlier, I'll be following the trend here and I currently have no overall bias.
Tomorrow's Watchlist
GMT
See how it reacts to the previous ATH that is now the support. If that doesn't hold it'll be time to short it.
Credits
- Charts taken from Tradingview.com
- Pictures made using Canva.com