Today is a good opportunity to emphasize FOMO. You didn't miss out. $3.14, $3.22, $3.30, $3.43, and $3.64 were/are all targets for this weekend. BTC is flat (slightly in the red), so the higher end of the targets aren't happening. I watched...I hoped...put in my sell for $3.43...missed it and caught $3.3775 after it bounced from $3.32. This leaves me thinking, hoping for my next entries on the way back down. People who FOMO somehow think prices go in straight lines. They never have and never will. I am watching very closely and will trade this all the way down to, hopefully, $2.92...and maybe even $2.81 if I'm lucky. Again, BTC isn't budging. First, I will be watching to see if MANA breaks above $3.33 in the next hour. If it does, I'm right back in for a short bounce that could be fueled by FOMO as people are waking up on the West Coast. That being said, I really don't think this will happen, but if it does, its target is just above $3.43, completing that previous target. What I do expect are bounces all the way down at the levels indicated by TEAL arrows. The rebounding sell prices will be determined based upon whatever short-term resistances are created on the way down. Some assets like ADA and ETH stick really close to Fib. MANA, stays close, but slightly more volatile...and that's why I trade it. I don't have to get the top 2% on a sell or the bottom 2% on the buy...that middle 12%-30% ensures profits and accumulation...and peace of mind, which is priceless. Be careful. Do your own research because this is not financial advice.
Comment:
Some Saint just put in a buy on Binance.us for $1.5m. I'm not sure what is going to happen? Volume has been steadily increasing throughout the day. Price has been ping ponging, but it's not typical consolidation. BTC broke from trend, rejected just above 43k but working hard. My gut still thinks MANA will play out, get rejected at a triple top and go down to the numbers listed above.