Longest Position I have held aside from hodling. I wanted to take profit so many times and my emotions would get me anxious to take profit. But i knew that i needed to stick to my TA and not my emotions. Ive been down that road so much and ive gotten better at managing it and because of the progress i made in managing my emotions i was able to hold this position for what i consider a long time. It paid off very well for me and i hope to continue to make more trades like this one!
28 Days
My PA Signal (yellow ellipse)
Entry Price: 0.02147
Stop Loss: 4-5%
Exit Price: 0.01895
Profit: +11%
Short Signals
Tweezer Top/ Bullish Engulfing
Break of a Trendline
Lost the 50% Fib level as support
21EMA, 55EMA, 89EMA
Looking to short again if price continues further down.
My profit taking areas are within the gold box and the green box .
Weekly Chart looks awful and so does the daily. Moves are weak to the upside lots of shorting signals so im going to continue looking for short opportunities
Algorithm on the Chart: Gods Eye 2.0 @TrueCrypto28
Blue: 21EMA White:55EMA Yellow:89EMA
Yellow Ellipses are areas that i marked that support my short bias.
1. Tweezer Top/ Bullish Engulfing at a prior area of resistance. Slow grind up into resistance
2. Price goes below the 3 EMA and wicks look to me as resistance
3. Price was either going to break above 21EMA or wick off as resistance.
Price is currently in an area of support looking for a LTF setup for my next trading opportunity.
Im only looking for longs in the gold or green boxed area if price reaches that far it may not.
28 Days
My PA Signal (yellow ellipse)
Entry Price: 0.02147
Stop Loss: 4-5%
Exit Price: 0.01895
Profit: +11%
Short Signals
Tweezer Top/ Bullish Engulfing
Break of a Trendline
Lost the 50% Fib level as support
21EMA, 55EMA, 89EMA
Looking to short again if price continues further down.
My profit taking areas are within the gold box and the green box .
Weekly Chart looks awful and so does the daily. Moves are weak to the upside lots of shorting signals so im going to continue looking for short opportunities
Algorithm on the Chart: Gods Eye 2.0 @TrueCrypto28
Blue: 21EMA White:55EMA Yellow:89EMA
Yellow Ellipses are areas that i marked that support my short bias.
1. Tweezer Top/ Bullish Engulfing at a prior area of resistance. Slow grind up into resistance
2. Price goes below the 3 EMA and wicks look to me as resistance
3. Price was either going to break above 21EMA or wick off as resistance.
Price is currently in an area of support looking for a LTF setup for my next trading opportunity.
Im only looking for longs in the gold or green boxed area if price reaches that far it may not.