WealthMurphy

MAID preparing for new wave

BITTREX:MAIDBTC   MaidSafeCoin / Bitcoin
It seems that MAID has started a new market cycle and it's currently preparing for a new wave.

It is currently on a downtrend and wants to test 0.618 fib retracement level.
But may also go lower than that.

After breaking the 6h supportive Ichimolu cloud, I will personally watch out the trade as we may be in a bulltrap.

Also after MAID breaks the resistance cloud, it may retest it and it may have another retracement, this forming the Elliot Wave 4.

Will look to sell in old support and resistance areas

MAID wasn't affected too much by BTC moves but will have a close watch if BTC tries to make a huge move as it could ruin this trade.
Trade closed manually: Will just invalidate this as the coin was removed from bittrex (this also caused a price drop). Will buy more on POLO and sell around 0.000075

Comments

Lots of traders are saying the same thing which could be a self fulfilling prophecy. The crypto sphere make so little sense. Whales can wreck any prediction. I feel a more game theory approach is safer always assuming whales are present, ready to profiteer when a stock is juice and ripe. Can't sleep on crypto, feel like a sniper.
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WealthMurphy quantum.vapour
@quantum.vapour, not the wales are the really problem here. Usually when BTC starts to rally, people sell alts into BTC in order to "maximize" their profits.
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