james_hafford

ONT retracement buy plan--rev 01

Long
james_hafford Updated   
BINANCE:ONTUSDT   Ontology / TetherUS
Okay, here's my ONT purchase plan. I'm using numbers close to fib 0.5; 0.59 (midpoint between) and 0.618 to buy in increments of 2/7; 2/7; 3/7.
This is a variant of Pygoz' 1/7; 2/7; 4/7 (for 0.5; 0.618; and 0.786)
Comment:
This is a variant of Pygoz' 1/7; 2/7; 4/7 (for 0.5; 0.618; and 0.786)
Trade closed: target reached:
Hi Guys, the plan essentially worked. It's the first time I actually wrote a plan and executed it. I saw some random sales pitch video that said that the vast majority of us don't bother to have a plan.

I am primarily learning from Pygoz, but others have been helping me. Today Kristijan and Pygoz gave me some guidance. I've still got a lot to learn, but it's good to have at least 1/2 the plan work. Now, I have to have a plan to sell if/when it goes up. Thank you!!!
Comment:
It might still go down to the 0.786 fib; in retrospect it may have been better to stick with Pygoz' general advice of 1/7 (of my tether) @ 0.5 fib; 2/7 @ 0.618; and 4/7 @ 0.786, depending on whether we retrace 78.6%. Thanks & blessings!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.