ONTUSDT Likely Begins Consolidation Between 4/5/2019 & 4/7/2019.
I'm expecting us to ride in between the upper boundaries of the Aqua Blue Channel (acting as support) and the Magenta Channel (acting as resistance) until 4/5/2019 to 4/7/2019. My apologies if we begin consolidation before 4/5/2019. Which is all the more reason WHY you SHOULD have a "TIGHT" STOP in place as a safeguard. Why "TIGHT?" I'm anticipating an 8 to 12 percent drop initially when the consolidation event begins in order to TRY to catch people unaware. You want to keep your stop TIGHT in order to be one of the first one's to get their market order filled when your stop is triggered. However, it's POSSIBLE that dump in the beginning may be a significant size sell order that could make your market sell orders not fill until quite a bit lower than your stop price. Other stop loss/stop limit orders may also be in place. Which means when one is triggered, it will force a market sell order downward WHICH WILL TRIGGER OTHER STOP LOSS/STOP LIMIT ORDERS. Which will result in a cascading domino effect. Hence, the reason I'm expecting an 8 to 12 percent drop initially when it begins.
I've labeled this publication as a "Short" position in anticipation of an upcoming consolidation event.
There's no shame in selling now if you choose to do so. Remember to ALWAYS keep greed in check. SEE the value of a trade and NOT a preconceived value of a coin. Meaning, there may be VALUE in selling now, versus having a stop in place that MAY result in a lower market sell price after your stop is triggered. Maybe you wish to sell only a portion of your bag now; while holding onto the other portion WITH A TIGHT STOP IN PLACE in order to make this a learning experience to see which choice may have been the better choice. Doing it this way can also provide insurance (of sorts) in case my TA is wrong and we go for a moonshot to higher highs.
After an initial 8 to 12 percent drop, I'm anticipating a dead cat bounce which will result in multiple steps as we stair-step down to the lower boundary of our channel defined with the pitch-fork. Those stair steps may not conclude until early to mid May, 2019. I'm anticipating accumulation to resume once again in mid May with a reversal to an upward bull trend in anticipation of the Lite-Coin Block Halving Event expected to occur some time between the last week of July to first week of August. I'm also expecting a dump to begin just before the actual Lite-Coin Block Halving in mid to late July, 2019.
I hope this was helpful. If you don't mind, take a moment to click "Like." I would certainly appreciate your support.
This is NOT financial/trading advice. This is ONLY my opinion...
Followers, you know the drill... "Stay Awesome!"
; )
I've labeled this publication as a "Short" position in anticipation of an upcoming consolidation event.
There's no shame in selling now if you choose to do so. Remember to ALWAYS keep greed in check. SEE the value of a trade and NOT a preconceived value of a coin. Meaning, there may be VALUE in selling now, versus having a stop in place that MAY result in a lower market sell price after your stop is triggered. Maybe you wish to sell only a portion of your bag now; while holding onto the other portion WITH A TIGHT STOP IN PLACE in order to make this a learning experience to see which choice may have been the better choice. Doing it this way can also provide insurance (of sorts) in case my TA is wrong and we go for a moonshot to higher highs.
After an initial 8 to 12 percent drop, I'm anticipating a dead cat bounce which will result in multiple steps as we stair-step down to the lower boundary of our channel defined with the pitch-fork. Those stair steps may not conclude until early to mid May, 2019. I'm anticipating accumulation to resume once again in mid May with a reversal to an upward bull trend in anticipation of the Lite-Coin Block Halving Event expected to occur some time between the last week of July to first week of August. I'm also expecting a dump to begin just before the actual Lite-Coin Block Halving in mid to late July, 2019.
I hope this was helpful. If you don't mind, take a moment to click "Like." I would certainly appreciate your support.
This is NOT financial/trading advice. This is ONLY my opinion...
Followers, you know the drill... "Stay Awesome!"
; )
Comentário:
I have a "hunch" most Alt-Coin/USDT pairs will fall to the lower boundary of an Ascending Channel "IF" the particular Alt-Coin/USDT pair you are trading is in an Ascending Channel Pattern. I do believe LTCUSDT, ADAUSDT and ONTUSDT are all in an Ascending Channel Pattern. Those Alt-Coin/USDT pairs that are not in an Ascending Channel Pattern (if any) may likely fall back down to or near actual support price range.