4h chart wedge pattern needs to hold support on the $30.50 level. A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos. Best of luck to everyone; please add any constructive criticism this is my first publish. Much appreciated.
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I have been long since Friday CDA $32.40
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Wedge holding. Increased Position size 0.5% (CDA $31.99)
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Looks like price slipped the wedge a bit; Holding above $30
CDA $31.51. Looks like volume and moonski potato ?rocket indicator inserted last night gave the right amount of juju
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5m Bars Update 01:12hrs 1/31 Resistance from top of wedge and high RSI, two scenarios roughly drawn-- Green primary. Orange secondary. Still Holding.
Wedges in wedges like an RXY motor! High rev movements are due...
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Reduced Position size from 7% portfolio @ CDA $31.45 to 3.5%. Still curious to see what will happen with this double wedge formation and been risk high on cryptos anyway. Profit taking will pay for a night of gokarting ;) good luck gents/ladies!
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You guys probably saw this a long time ago. Confirmation bias at work ;) 4h chart again.
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Reduced exposure at $33.50. Now @ 1% portfolio. Here you go on 15m bars Will jump back in above wedge with volume.. Otherwise I think this will go lower int the short/mid term as stocks continued to re-2006.
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Closed position @ 33.70. No volume.
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mistake in previos post. still learning. apologies
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reopened at $32.50.. for 1% portfolio since it put the respek on that wedge..
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sleep pattern based analysis is telling me the moment I go to bed this will break the respek wedge of old. position carefully and take profits into strength.
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Wedge is scary accurate. Sold off 90% @ 33.25 from DCA $32.50. roughly $67 profit. Will rebuy if wedge breaks up with volume.