Is Your Crypto Portfolio At Risk?!
After some hefty gains, crypto markets are taking a breather.
A pause in the uptrend, some profit taking by traders, maybe a sideways consolidation before we resume upwards.
Yesterday, we published a blog post on how to take advantage of such pullbacks in entry and how to time your trade entry.
But how do we know this is not a beginning of something more serious? Perhaps a start of a downtrend?
Traders leverage altFINS’ award winning Crypto Screener to find such warning signs.
Here are three custom filters that you should use, save and see if any of your portfolio or watchlist assets are showing such warning signs:
1. Price crossing below 200-day moving average. See live results and save this filter. Just as price crossing above 200D MA is considered a bullish signal of Uptrend, price crossing below 200D MA is considered a bearish signal of impending Downtrend.
2. Trend rating Downgrade. See live results and save this filter. Leverage altFINS’ proprietary trend ratings to find assets with a bearish trend change. This could be a warning sign for assets in your portfolio and watchlist, or a list of candidates for Short-Selling.
3. Combo: Trend rating Downgrade & Price below 200-day moving average. See live results and save this filter. We combine two warning signals into one!
We have also prepared two tutorial videos on how to create the above-described market filters. Watch now.
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