Obvious trend going on with SIA ... Buy in as close to the base trend line as possible... This is a bit iffy with the timing of btc dropping and the obelisk news. I'm not so sure if it will continue unaffected. If it drops below 630ish then make an exit... other wise profit!
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So apparently it dipped to 618.... I'm still holding. It dropped a little more than I would have wanted it to but I am still in this. I mean ideally I would have sold and re-longed knowing I had time to get back down to the baseline but I was busy enjoying a night out on the town.
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Im going to exit.. i believe we have 24 hours or so to re enter and will be safer as well... we will also have a better idea if the trend is broken or not
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Trend is obviously broken I'm gonna wait for btc to get another leg down before I resume day trading... I entered this one at 637 and exited at 624.. A 2.15% loss but the real loss was failing to sell btc at the top after my night on the town
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Tristan_1993
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I am thinking of going long at this moment, what are your thoughts on your long position now, will you exit soon? I think this entry is still very risky though especially if Sia breaks the long-term uptrend
I'll probably sell at the price of the projected curve before or after the downtrend line... Or on the downtrend line should it touch it or get close to it... After the downtrend line I will sell on the curve then gain some asset on the dip... From there adjust the projected uptrend line and we will know where to set our buyin for the dead cat bounce after we sell at the top
pr0nster
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@Tristan_1993,
also i dont recommend buying right now... i recommend watching your bitcoin. Ive been busy doing the family thing today I just broke out my laptop so I can do some charting looks like btc is taking a turn... will update my btc idea
Tristan_1993
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@pr0nster, Yeah for sure bro, I didn't actually take a position. Just wondering about your take.