ONTUSDT | 30M | Heikin Ashi Candles | 4% & 9% profit

ONTUSDT | 30M | Heikin Ashi Candles | 4% profit


Hey everyone, The last 3 mondays I have ran away from the reoccurring blood bath called bloody Monday. Yesterday, I decided to take into action and launch an all out assault on ONT. I chose ONT because it crashed over 13% down. Also, I remember from last week that ONT was the biggest gainer when BTC reversed.

Now, take a look at the chart. After BTC's first dump which also tanks alt coins simultaneously, I took a position on ONT. I figured it would dump again so I waited and took another position. Now why did I take a position early knowing it'll dump more? Well look at the Stoch RSI where I placed a yellow arrow. The lines broke up through the purple which is a buy signal and I knew that I wouldn't sell until the lines crossed downward. Also, the yellow moving average was bound to cross up through the blue and purple moving averages which it did on smaller times frames as well.

Basically I just used the candles, moving averages, Stoch RSI to determine when to enter and exit. Too easy. $7K position netted me $290.

Thanks