Wolverinos

If this doesn't work out then what will?

BINANCE:ONTUSD   Ontology / US Dollar (calculated by TradingView)
7x in 3 months... Have been a good fan of Ontology, but like with most coins.. attachment isn't good for your wallet... and you'll be in for a serious ride... down as well !
That peak till 0.001 btc or 11.7 usd was a perfect classical play of the rules of TA, and dito correction was going to happen as I mentioned in my older charts and when bigger players enter the market with only one thought to short the hell out of it.. though one does not believe the outcome could turn so bearish .. but eventually what goes up will go down anyway, no matter what coin.. except binance coin perhaps.. but that's why there are exceptions of-course. A more than 50% retrace and no reaction at a 61.8% looks still bearish to me. Why do I still own 1 btc ONT ... :-| !
One coin that could show ONT's destiny is perhaps 'Selfkey' which did the same in not 3 months, but.. 3 days ! Check it out.. the run up was exactly the same ! Only the correction looks somewhat different.
Ontology looks on the USD chart almost bullish , but on the BTC chart still bearish ... which could signify a bullrun within a week or so... but it could be a small outburst as well, if crypto's interest is still buried for a while.
Remember that trendreversals come when you're about to get desperate and willing to get out... let's still not give up hope !
Comment: have some patience...
Comment: lotsa patience...

Comments

Still holding lol
Reply
Nice call!
+1 Reply
thanks, just bought some, hope 2,50usd is a good bargain
Reply
@crypje, I guess too... there should be a break out from the top soon, but you have to watch it clearly if your short or midterm, because it could go down even if before it hits the 50% retrace again... or you have to go very long I guess... and first of all, it must not break out of the triangle support, otherwise it's bearish.
Market cap is about 50% from what it has been, that's important too to get serious investors on board.
+1 Reply
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