Crypto Trading Watchlist #022

In today´s crypto trading watchlist the following tokens & coins are covered: BTC, LADY, PEPE, EDU.

Possible trading opportunities are followed by my own trades, best and worst, this last week. My crypto trading account is staying at around $145 at the time of writing, which is about the same as last week. No trades to take a big lesson or learning from.

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I‘ll hope the coming week will bring some more opportunities on my side. I was also recovering from being ill, so I will take it slower when I am not feeling to well.

If you would like to watch my previous watchlist, you can do that here or visit my blog. I also do TikTok and Youtube shorts of some coins, so take a look at these.

Hope you had an amazing weekend. Time to start off with cryptos showing opportunities at the moment.

Long

Me and Longs in a market like this is not a good combo. Until markets turn into a definitive bull market I will mostly stay on the Short side. 

As of right now I can‘t see anything that I like a lot so I would put it up in this list. 

It can change overnight, but at the time of writing, no good Long plays make it onto the list.

Short

BTC/USDT

Bitcoin had a good streak of red days (7 in a row) where Bitcoin faded down from about $29.5k to $25.7k at a minimum so far. It but bounced back from there holding support right now above $26.5k. This is an important area of support that needs to hold for Bitcoin to have short to medium term bullish movement. 

If the support breaks there is a lot of room to fall below the $25k as there is almost no trading volume in that range and no support.

LADY/USDT

Lady is running up again after a big drop from the start (at least the trading start on ByBit). It bounced really well, but I think the bounce will come to an end shortly with $LADY going down to its lows again. Especially since the crypto market in general seems like it will fade off big soon (take a look at $BTC).

Undecided

PEPE/USDT

I don‘t really know what to make of $PEPE right now, but what it looks like is the price movement of a typical memecoin that seems done. I am hoping for a final push to somewhere in the mid 20s so I can establish a Short position. 

If it starts to fade below the 18s though I will join the downtrend as well.

EDU/USDT

$EDU is a token of a decentralized protocol for educators, content creators, parents, students, etc. in order to face the education problems of today. This seems like a good mission, but the coin has massive swings on the way up and down. Volatility is good for extracting profits out of a coin so try to catch the fast swings and you can make a good bank. At the time of writing it looks more like s Short to me.

My trades this week

As always I will start off with the worst trade this week followed by the best. If there are more bad or good trades I will mention more.

Trades

In accordance with the Long list in this newsletter, there is nothing I would love to write about. I got some small paper cuts that were unnecessary, but not to dramatic. I am trying to preserve my capital to go in if I see some really good opportunity or can join a trend with ease. 

Will probably be a downtrend in the current market conditions, bug let‘s see what the markets bring on a Monday!

Thank you for reading my newsletter, I appreciate you all! I would love for you to subscribe if you have not done so already, so you can get the list as soon as its published!

Hope you have a nice rest of your weekend and a nice start to the new week!

Niklas

This is not financial advice, it is for educational purposes only!