Crypto market has been choppy lately. Up and Down. Some assets are still in a solid Uptrend (see here) but many have inflected to Downtrend. Profit in Both Directions!

Traders can make money in both directions:

1. Buy assets in Uptrend

2. Short Sell assets in Downtrend

Keep It Simple Stupid (KISS): trade with the trend, trend is your friend.

Here’s an example of a Short Sell trade in WIF (dogwifhat) that is featured among our trade setups in Technical Analysis section:

Once price broke below its 200-day Moving Average and below $2.00 support, that was a clear signal that trend reversed to Down.

This Short Sell trade setup is now 35% in the money!

This is no rocket science.  Just the basics: Trend + Support and Resistance.

You can easily find assets where price has broken below 200-day Moving Average in the last 5 days using our Screener.  Here’s a quick filter (see live results).

Are any of these in your portfolio?  Hmm…

Source: altFINS