WRT Alts - Market Analysis for Jul 11th, 2019

This is a repeat post since we have a good sized influx of new subscribers. This is in interest of transparency so there is no hint of dishonesty: 

I don't trade many alts. While I am here to serve the community by giving analysis on any crypto request that comes my way, and I will call trades in them when I can offer solid risk to reward parameters, I will trade very few of them. In the onset of the 2018 bear market, I simply found that I couldn't get out of the random coins I owned fast enough, even though I 'knew' a top was nigh. While I had a realized profit of 42X principle in 2017, I lost a ton not able to get all my coins back to exchange. This means that I prefer to trade in a hedged manner now using leverage so I can hedge quickly if needed. And, this means I prefer to trade Bitcoin and Ethereum ONLY. I do consider EOS one of my HODL position but it has a liquid stable coin trade on DEX so I feel safer there. I like the count as well but that doesn't mean it has the highest skew. 

Note this when I call trades or offer analysis. It doesn't mean I'm in the trade or intend to trade, but I am still calling the trade in all honesty regardless. 

Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.