With the upcoming guild launch, we have one of my core thesis strategies in motion and are waiting on price to confirm the thesis. This strategy is considered "an opportunistic hoarding scenario".
Basically, this crypto specific opportunity set happens when, in the near future, natural buyers will emerge in order to hoard their way into earning cash flow for servicing a specific network. These are historically most effective in DPOS style networks where there are a limited number of block producing nodes.
Enter with 5% equity at 20 day highs on a close above 1327 March 12th or afterwards
Add 5% equity on close above 1747
Double position size on 40 200 bull cross
Add 13% equity on hh hl above 150/200 ma
Up to a maximum position size of 33% equity
Position closes on 10 day lows or 2 consecutive daily closes below the 21 ema
Stops at 2x 20 ATR
In the event of a parabolic advance and blow off top, I will hedge short until the 50% retrace and go net short on lower highs and lower lows below the 200/150 ma.
Basically, this crypto specific opportunity set happens when, in the near future, natural buyers will emerge in order to hoard their way into earning cash flow for servicing a specific network. These are historically most effective in DPOS style networks where there are a limited number of block producing nodes.
Enter with 5% equity at 20 day highs on a close above 1327 March 12th or afterwards
Add 5% equity on close above 1747
Double position size on 40 200 bull cross
Add 13% equity on hh hl above 150/200 ma
Up to a maximum position size of 33% equity
Position closes on 10 day lows or 2 consecutive daily closes below the 21 ema
Stops at 2x 20 ATR
In the event of a parabolic advance and blow off top, I will hedge short until the 50% retrace and go net short on lower highs and lower lows below the 200/150 ma.
Disclosure: I own WAX