So what are the odds we reach around .4 on MIRUSD as it comes out of its 12 month downward wedge, possibly beginning over the next few hours? I am 'guestimating" between .42 and .32. What do you think will occur?
I'm out at a $2 loss. It may pop in the next day or so but damn, I'm cannot stand another hour of this thing grinding up and down on a penny. Done with this token for good LOL. Jumped over to OMGUSD which is more active.
mellisv
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I am going to revise my "guestimate" and propose a 24 hour spike into the $.4's, a 12 to 24 hour ~50% pull back, followed by 24 hour run up to +.6; Given the duration of the down wedge, the multi month descending triangle, and as of 4/16 a multiple bottom testing the moves should be significant. Could it instead drop like a rock? Why yes it could. But, I'm sticking to my guestimate and have my first sell limits in place. So with my sell positions now on autopilot, its a wait and see.
mellisv
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The aspect of crypto trading that drives me absolutely bonkers; MIR is coming up on the end of a 12 month falling wedge and within that wedge, most recently a well formed descending triangle. The upside gains are $ +.30 to + $.50 cents per token. And yet algos and traders are stuck trading on 100th, 10th, and 1 penny at a time. Are they so focused in the micro that they don't see the upside gain potential? is it a lack of volume to drive a breakout? Or, do the algos have a date/time schedule i.e. its manipulated. This happens when a lot of crypto are at clear big move inflection points.
DogeEggWS
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@mellisv Miners are selling heavy , this is on of the top 100 most decentralized crypto currencies.