My analysis shows a rare Coinbase listing Pump and Dump rebooting to its factory settings. Experimental Bubble wave theory. I'm watching and waiting to see what happens. I'm just posting my theory based on facts. Not investment advice.
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some manipulation however this is expected. predicted pattern could be extended for a certain amount of time. retracements never follow 100% but the do usually merge at certain moments on the future timelines. i believe the trend will follow the curve and breakout at the bottom but the actual breakout may not happen so you should prepare for that.
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watching the coinbase order books 50k at .52 getting dumped on repetitively with low volume and the last dip down will happen soon to the low .40's and wick down at .37 setup your price alerts and wait if your watching i am not setup for automated buying on the books i will buy myself directly when it drops. it could pump some tomorrow or it could be a week or two so be confident in your position that you take
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the entire pattern has extended bearish for 24 hours. tomorrow could be the bottom or manipulation will extend the timeline even more so pay close attention. I always exit trades when the order books are manipulated with bot trading patterns. I consider bots as a virus you don't want to mess with.
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accumulating low volume could start soon and could breakout when the time is right. usually a curve of support happens down to the low. watch the books because those stupid bots people setup can be a nightmare for unseasoned traders
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R U Ready!!!!!
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I'm starting to buy
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updated a new idea with possitive results this was a preliminary analysis
Got in at 94 cents thinking it would be a good entry. Very depressed and frustrated at this point.
Xcommand
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@Trademark67, there are worse trades. don't sweat it the price will go back up. i know people that make terrible trades all the time but in the long run they profit immensely.
Trademark67
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@Indepth haven’t sold yet but am considering. Not really sure what to do at this point since I basically went all in. What would you do in this situation? Hold?
Xcommand
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@Trademark67, considering the high was around 1.66 and the low forcast is around .37 and you bought at .94 and the current price is around .48 and your sitting at a 50 % loss at this very moment. I will tell you what i would do but i can't give you investment advice. Depending on how much is purchased I PERSONNALLY in this scenario would sell 50% and rebuy at .40 to just reduce some loss. That would be my strategy. that way i would still avg some gains even if in the short term only rallied to say where i purchased.
Xcommand
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@Trademark67, hope you was able to avg some return on your loss.
Jasmypet
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@Trademark67 it may go lower but will give you a chance to escape in weeks I guess but all is up to you
Jasmypet
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It seems like getting out of the falling wedge and it goes to side way that is good news but there are so much of selling pressure above the price range so good luck!
Trademark67
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@Indepth thanks, I scaled out of the position entirely over the past day. Took a pretty hefty loss at the end of the day, but happy to be out of it really. Looks like your buys at the 40cent range did well for you