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drjimbeam
Aug 31, 2020 9:35 AM

Big move coming? Long

Wanchain / BitcoinBinance

Description

Looking at this setup to mature for a fresh entry. Going to run this trade without a stop loss. The last blip has set us up for a big move to 4267 sats. Waiting for break-out out of this wedge and retest before entering. Update if and when I do.

Comment

Looking RIPE. 0.786 fib here we come.

Comment

Breaking out now. Wait for the retest.

Comment

Waiting for retest.

Trade active

Retest complete. Trade open. Target: ~3750-3900 Sats.

Trade closed: target reached

Congratulations to all those who took the trade.

Comment

I am watching this to play out. You can start nibbling at the levels marked depending on your risk tolerance. You can also scalp between these areas while we wait for the break-out and retest. Personally, I am going to wait for the break-out and enter on retest. I am conservative in profit taking and risk averse.

Trade closed: target reached

Reached final target of 4200 Sats soon after. I got out of the trade after our first target. Congratulations to all those who hadn't sold their positions. Strong BTC was liked rocket fuel. Speaking of rocket fuel, TFUEL dumps when BTC rises. Update if a good setup presents there. Currently in ETH.

Comment

Waiting for a fresh entry to mature. Update with setup when ready.

Comment

New idea here.

Comments
bassackwards
Very nice updates. I sold a little early but I got something at least. I'll be keeping updated on this, Thank you!
drjimbeam
@bassackwards, That's the best approach. Always be a little less greedy than the next trader- solid advice from a wise man.
drjimbeam
@bassackwards Here is my updated idea!
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