Waves/BTC Long
Full retracement and touched previous cycles .618
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Congradulations on the ones who took this trade. We are up 36%. However too fast too soon i believe. we must be causion Nota
Did not mean to post that as such. Above you will see that we are close to the 300 period moving average on the hourly and the 100 moving average on the 4 hour. We must watch here, and also for cross on OBV or macd. It would be okay to take profits of 1/5th of you position if OBV+MACD cross. or we get rejected by 300 period moving average. Remember this is a long term trade we are in. However if scalping opportunity presents itself, we can work with small part of our position(20%) for selling and rebuying lower. Increasing our holdings or reducing risk.Nota
If you have traded of my idea then congrats. We are in profit 50%. We are not going to lose money on this trade. Hence move Stop loss to 0.00049913. We are 17% in profit at the very least if our stop is hit. We got rejected by the 0.236 fib which was to be expected.
I am still bullish on waves until the NG and DEX release. We await target 1 which is .00094 where we will offload 33% of our waves or our stop is reached.
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stop included
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stop moved up to 0.00051
we see nice vertical climb but too far from support. Expect bounce from 20(bright green) period moving averages.
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stop moved up to .000545Nota
top moved up to .00057Nota
stoploss moved up to 0.00059. We are being rejected by the 300 period SMA on the 4hr which is to be expected. Others SMAs(20,50,100) have turned bullish. We are still on track to reach target and would expect a slight bounce down to the new weak support before picking back up. 6 days until fundamental event DEX 2.0 release should help us go more vertically and we can achieve target 1 then upon or before release, and perhaps even over perform. :)
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we close swing trade here at 65% profit vs USD, or 42% vs BTC.
Personal note, I am keeping a smaller position in Waves as my core investment portfolio, which i dont daytrade.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.