Behemoth Short #2 - False Hopes Maid

POLONIEX:MAIDBTC   MaidSafeCoin / Bitcoin
2230 27 30
Hi All!

On our last trade Maid target 1350 was hit spot-on, but with stop-loss removing parts of our position.

Today we are going to take a long-term trade, Short on Maid.
Entry: 1250-1300
Target: 0650
Stop-loss: 1400

Let's get started: Today I discovered that Alpha release will not come for another month. Insider info, no bullshit.

Technical Analysis:
  • Doji forming on 1D signalling a reversal of the short-term uptrend into downtrend.
  • Long-term downtrend still holding, on rejection from trendline is the best entry.
  • Gann lines have proven to provide excellent targets.
  • Bear cloud, with price temporarily going above base & conversion line means a very strong bear-trend ahead. See AT&T chart example.
  • After 0650 is hit, TA suggests that another attempt at breaking from falling wedge will happen.

  • Maid has seen lots of False Hopes during past month that drove price high
  • Sell the false hope news, as every Tuesday.
  • No Test 4 today.
  • Alpha not released for another month. Devs should come clear on this.
  • DAOhub -> fake
  • Crowd Found Hub -> no activity 11d, no answer on Slack
  • London Meetup was bullshit. No replies to questions, no recording, no output.

All this Fake information released without devs stepping in or providing answers to questions on false rumours is a really bad sign. Same as non-realistic targets. 130 million years in the making. What's another year? :D

Three times this happened just since I started trading Maid:
1) Pump based on False news to 1540, it crashed to 1200.
2) Pump (again Mo/Tu w/ fake news) to 1440, crashed to 1045.
3) This Mo/Tu there was pump to 1350 with trollbox screaming Alpha release?? and Test 4 today?? Nope. Another crash incoming.

I like the idea behind decentralised storage and am huge fan, but the coin is worthless now and will follow the long-term TA.

It's going to be ugly - The Big Short :)

Happy trading! ;)
Trade active: Trade active. Adding more shorts here at 1125.

This is just perfect. The devs are selling 19MM coins, and yes, it will go through Polo.

Fact is Alpha is not coming anytime soon. They selling coins to fund their further development. Hiring people takes months. And think clear, if you had Alpha knocking on the door, you certainly wouldn't be selling the coins now. Thing is, they sell because they have no other choice if they wanna finish Alpha before the end of third Millenia.

TA looks lovely bearish with lots of confirmations on Daily Ichimoku system and 4H suggests now is good point to re-enter / add more.

The Big Short ;)
Trade active: Closed short and went Long.

We follow plan perfectly. Gann 4/1 was hit exactly and now we are going to bounce to Gann 3/1 line before reentering shorts.

Happy trading! ;)
Comment: Next target = 1120 (Gann 4/1)
Trade closed: target reached: Closed Long from 880-920 here at 1000.

Small fish were buying according to TA and we would have reached 1120 if it wasn't for the big sharks who are unloading their MAID.
Trade active: Opening short from 0990 down to 0650.
Comment: Maid fundamentals are seriously broken and sentiment is heavily bearish. Sunshine people on maid forums now agree with 0650 target as a possibility. 1H cloud says end of bounce. We are still happy for the extra 100 pips long and 100 pips better short entry :P
Trade active: Closed short at 780 avg and went long at 800 avg.

Target is not known yet, but expect 10-30% rise until Tuesday evening before another leg down. The final leg down should reach 0650.

Everything is going according to plan and I hope everyone is making nice profits.

Send me PM to join private trading group where you get updates ahead of others!

Happy trading! ;)
Trade closed: target reached: THE SHORT IS CLOSED. 100% profit gained.

Check out new idea.
Love your move, it's due time to long anyway! :)
+1 Reply
Thank you, sir. Happy trading ;)
all yo have to do to realize you sould sell your maids or be short is read this tread
+2 Reply
We are going to Goblin Town :P
BIT.1 readit
That's called following the flock, nice way for strong hands to end up buying cheap weak hands coins.
+1 Reply
Good job! Maid down, down, down!
+1 Reply
MarcelV TradeHunt
All aboard Maid GOBLIN TRAIN! :)
I don't see the RSI bear divergence you're referring to. Looks like MAID 35 Period 12hr RSI is switching to bull mode, not bear.
+3 Reply
MarcelV embeddedthought
I am not interested. Not sold. I have my setup tuned out perfectly, have read several books on TA and have all set according to experts. I shorted Maid from 1300-1350, now price is 1170. Maybe my TA isn't so bad :)
MarcelV, don't listen to the naysayers. You are better trader and they are scared of your influence when you take opposite trade. Please, keep doing exactly as you do! embeddedthought doesn't know TA.
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