Trade Management Update: Dollar Up, Crypto, Metals And Stocks Down

Evergrand default is official and traders are in risk off mode, cryptocurrencies, metals and stocks are down. We are watching our positions stops and looking to enter new positions with anticipation of Santa Claus rally.

The CoinOpinions cryptocurrency watch list has added one pre trade notification for Ethereum, if we see a daily bar close over $4,460.35 we will enter this trade.

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With the risk-off environment, we are watching our current holdings stop loss targets. If we see our positions Cosmos, Bitcoin Cash or File Coin close today’s daily bar below their stop prices we will exit the positions and wait for other signals to trigger. 

Cryptocurrency

Ticker

Entry Price

Target Price

Stop Price

Entry Date

Cosmos

ATOM/USD

$24.25

$27.10

$24.10

12/06/2021

Bitcoin Cash

BCH/USD

$484.20

$518.20

$465.50

12/06/2021

File Coin

FIL/USD

$38.80

$50.50

$38.62

12/06/2021

Ethereum

ETH/USD

$4,460.35

$4,850.00

4,150.50

 

Today’s Headlines: 

  • Evergrande Default 
  • Omnicron 4x infectious than Delta 
  • 1,000 US Citizens still ding per day of Delta 
  • Russia and Ukraine beef 

Our portfolio will exit our positions once the market closes the day at their profit or stop targets and profit or loss will be documented below. 

Cryptocurrency

Ticker

Target Price

Exit Price

$Profit

Exit Date

Cosmos

ATOM/USD

$27.10

\ \ \

Bitcoin Cash

BCH/USD

$518.20

\ \ \

File Coin

FIL/USD

$50.50

\ \ \

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