Apologies for the delay responding. I went out with my family then went straight to bed after getting back to the house.
That's a hard one to answer. Which is why I prefer to keep up with the direction of the pressure and for how long that pressure may last in a particular direction. If you have asked that question because you are still holding bags and wondering if you should sell now for a chance to increase your holdings, you may be better off only doing a small percentage while HODLING the rest for now. It's probably a bit late to be selling ALL of your bag now for a chance to increase the size of your bags.
The time to have gotten out to increase the size of your bags was end of June to early July when it was going down along with Bitcoin and everything else. When I get my website going LIVE, it's pairs like this one that I will give regular updates for. My plans are to provide signals for the top 12 to 15 crypto currency pairs in USD and/or USDT. Unfortunately, I'm still very busy remodeling my office and preparing content for my website to be providing those signals just yet.
Dermpath89
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@ProwdClown, Thanks for your in-depth reply. I have an average buy in of 0.07 so I'm a relatively recent investor. I feel that the upside is just so much higher than the downside at these prices which is why I entered for a long term hold. Appreciate your work, cheers
I think you're making a wise choice. Hold and wait to "play" around a bit with "some" of your gains (day trading) after we've gone up quite a bit. To at least $0.15 or higher. If you can "afford" to "wait" to make "risk" less costly in the future with day trading small amounts of your ADA bag, it would be better in my opinion.
Appreciate your support!
Stay Awesome!
David
Stock_Holiday86
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It probably will not drop that far if it can reverse from the current price, around .055. The ADABTC chart and ADA USD chart shows a bullish divergence. Furthermore, there is a clear bullish divergence on the ADABTC monthly chart. This led me to take a stab at buying ADA at these levels with a tight stop loss.
Dermpath89
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@V3ntur3_86, Great entry price here well done. I will keep a close eye and add more if we get to 0.03-0.04 range (I am very happy to accumulate below 0.11 and hold for longterm)
Stock_Holiday86
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@Dermpath89, a move up from here 20-30% followed by a drop to that range is certainly possible as well.