You see head and shoulders breakdown, I see quick $$

Atualizado
Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real.

Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me.

I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though.

Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.

As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.

Trade fechado: objetivo atingido
OK so apologies...I keep forgetting to include my entry price but it was 3.135. Now for a second apology - I already closed the trade. I put in a crazy limit order after hours for 3.23 and it got filled so I made 3.0% in about 3-1/2 hours. That wasn't the plan originally, but I saw what the bid/ask after hours was and just took a shot. If it's lower on Monday, I'll likely get back in again.
Nota
Trade summary for my records

Avg gain per lot = +3.0%
Avg holding period = 1 day
Avg gain/lot/day held = +3.0%
Annualized return = 3.0% x 252 = +756%
Beyond Technical AnalysisHead and ShouldersTrend Lines

Aviso legal