This is a more risky trade because it is a little extended. Able to have a tight stop loss for potential large gain so it seems worth the extra risk. Buying below the wave looking to take 50% off at double top area and the rest between 1.318 and 1.618. This may need a larger pullback to the 4 hour or daily so if that’s the case it will be a small loss.
I am along for the ride on this ONE. I first bought back at the end of July, took some profits along the way. I recently bought back in right after the cup and handle break out... still hodling, only losing some of the gains, but MAN this thing looks like it wants to pump more. BTC seems to be ok. Maybe there is some ATH psychology going on. The Cup and handle looks prime.
The_Waves
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@Jacktradestonkies, Yeah I think we go a lot higher as well. The entry was on the 4 hour. Looking for greater targets than what I posted now too.
Jacktradestonkies
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@The_Waves, the head and shoulder pattern that just formed has me wondering if we go lower before the pump. Hard to say. Looks like some bearish divergence on the 4 hour when looking at the RSI. We were going up slightly over the last few days, but RSI is going down. I think the macro cup and handle will outweigh this head and shoulder in the long run. We may bounce here off $0.21, or keep going down and consolidate for a while.
Zigs2120
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Not entirely happy with this coin so far, it should have kept pumping. I bought the candle at 26 and then poof I went to bed ducking thing dipednhard
The_Waves
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Okay looks like I had the stop too tight by .000189 or it’s not going to work out.
Zigs2120
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@The_Waves, I have target at 33 but not to sure about it anymore
The_Waves
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@Zigs2120,It is in a strong trend just hold it you will be fine.