MarcelV
Short

Behemoth Short #2 - False Hopes Maid

POLONIEX:MAIDBTC   MaidSafeCoin / Bitcoin
2119 27 26
7 months ago
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.

FA:
  • 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! ;)
7 months ago
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. https://blog.maidsafe.net/2016/05/31/maidsafecoin-announcement/

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 ;)
7 months ago
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! ;)
7 months ago
Comment: Next target = 1120 (Gann 4/1)
7 months ago
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.
7 months ago
Trade active: Opening short from 0990 down to 0650.
7 months ago
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
snapshot
7 months ago
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! ;)
7 months ago
Trade closed: target reached: THE SHORT IS CLOSED. 100% profit gained.

Check out new idea.
7 months ago
Comment:
Long maid ;) Market dictates us.
CryptoDymon
7 months ago
I knew it! Maid faking Alpha again. Spot-on Analysis.
+1 Reply
MarcelV PRO CryptoDymon
7 months ago
Thank you, sir!
+1 Reply
embeddedthought PRO CryptoDymon
7 months ago
You mean MarcelV fake hyped MAID Alpha again? Check out poloniex chat history. He spreads rumors that MAID Alpha will be release, even when there is no indication by developers, then when the Tuesday MAID Dev update comes he tries to cause people to panic sell because his manifested rumors aren't actually true. Take care, @CryptoDymon .
+4 Reply
CryptoDymon embeddedthought
7 months ago
It seems like MarcelV was 100% spot-on again! He revealed fake people on MAID who are now selling 19MM of their coins on exchange. Check this out! https://blog.maidsafe.net/2016/05/31/maidsafecoin-announcement/
+1 Reply
JosefP
7 months ago
Sounds reasonable, good job!
+2 Reply
MarcelV PRO JosefP
7 months ago
Thank you, sir!
+1 Reply
iHodl MarcelV
7 months ago
Why did you remove the other post? I don't think you should repost it when people have different opinions about your trades.
+4 Reply
MarcelV PRO iHodl
7 months ago
This is not opinions. It's constructed attacks by you, embeddedthought and dbt1033. Three trolls who follow me everywhere instead of publishing good ideas. Now you copy-pasted the same exact messages here after 15-mins time-window expired. I asked you to stop bothering me. Please be so kind.
+1 Reply
iHodl MarcelV
7 months ago
Thats incorrect, I get the feeling you don't want to advice people but want to bring them into trouble for your profits. There are no clear signs your trade will work out and I give my opinion about it. Why are you offended? I give you constructive criticism.
+5 Reply
dbt1033 PRO MarcelV
7 months ago
http://imgur.com/eLqFnow Then don't use people to cash out?
+4 Reply
MarcelV PRO dbt1033
7 months ago
Ok this is enough. Again posting messages ripped out of context. We moved our group from TV to Slack because you harrased us. Now you continue on my trade ideas. Real Story: http://prnt.sc/b6wvbj http://prnt.sc/b6wue5 http://prnt.sc/b6wuiu http://prnt.sc/b6wupz http://prnt.sc/b6wutr http://prnt.sc/b6wv0i
+1 Reply
dbt1033 PRO MarcelV
7 months ago
I did feel very strongly ab my position before I was dumped on. You got me on that.
+2 Reply
MarcelV PRO dbt1033
7 months ago
I think one thing is having organised trade group. Other thing is having organised harrasing group. Internet wars...
Reply
iHodl
7 months ago
I'm not sure about this trade. Market is bullish, great news and showed a lot of support around 10K.
+6 Reply
CryptoDymon iHodl
7 months ago
this post has 5 likes?
+1 Reply
iHodl CryptoDymon
7 months ago
The trade worked out because of MAIDSAFE distributing 24M coins. At the time this trade was released all signs were bullish.
MarcelV was lucky and it worked out MAIDSAFE released this news right after hes trade.
+3 Reply
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.
snapshot
+3 Reply
MarcelV PRO embeddedthought
7 months ago
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 :)
Reply
CryptoDymon MarcelV
7 months ago
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.
Reply
MarcelV PRO CryptoDymon
7 months ago
Thank you for appreciation, sir. Happy trading! ;)
Reply
TradeHunt
7 months ago
Good job! Maid down, down, down!
+1 Reply
MarcelV PRO TradeHunt
7 months ago
All aboard Maid GOBLIN TRAIN! :)
Reply
readit
7 months ago
all yo have to do to realize you sould sell your maids or be short is read this tread

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/348
+2 Reply
MarcelV PRO readit
7 months ago
We are going to Goblin Town :P
Reply
BIT.1 readit
7 months ago
That's called following the flock, nice way for strong hands to end up buying cheap weak hands coins.
+1 Reply
515k
7 months ago
Love your move, it's due time to long anyway! :)
+1 Reply
MarcelV PRO 515k
7 months ago
Thank you, sir. Happy trading ;)
Reply
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