Alpha Mail #001 - AltcoinPsycho
Welcome to Alpha Mail #001!
A few months ago, I started reaching out to several well-known traders, hoping for a few crumbs of alpha that I could spin into new illustrations.
Their responses blew me away, and I knew I had to build something bigger.
The traders were remarkably generous with their time, sharing how they view the markets, the lessons they've learned over the years and what they believe to be the key elements in successful trading.
These interviews are the foundation of Alpha Mail.
I hope you enjoy reading them.
VA
INTERVIEW: ALTCOINPSYCHO
Alpha Mail's first-ever interviewee is the legendary AltcoinPsycho, an algorithmic trader and creator of The Psychobot.
AltcoinPsycho discusses the boom/bust cycles of his early years and how the bear market shaped him into the trader he is today.
ALPHA: 124 - SWINE
Often it's not directional bias that gets a trader into trouble, but rather greed and a lack of emotional control.
Follow @thetatendies on Twitter
ANALYSIS: ETHBTC - 3D
The chart to focus on this week is one that provided a true "up only" market for the entirety of 2021. Ethereum has outperformed vs Bitcoin to the tune of 230% this year and the chart pattern forming suggests that trend continues. The 0.08 price level provided resistance in June/Sept but last week price was able to break above. The action this week will cement whether or not that breakout can hold as price retests the previous resistance (red zone) as support (green zone).
In a market experiencing mass dispersion (many coins at different stages of their respective cycles), ETH is one of the cleanest setups right now. If ETH retest holds this week I would expect price to reach towards 0.1 area for a 25-30% move. It is possible that ETH/BTCs dominant run could come to an end before all targets are reached but barring any significant selloff from Bitcoin, I find that scenario less likely and would prefer to trust the trend and chart this week.
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FREE SPACEMANBTC INDICATORS:
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FREE TRADINGVIEW PRO
I'm also thrilled to give away a free TradingView annual PRO plan every week to Alpha Mail subscribers.
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