WAVESBTC - It is alt season, ride the waves

I jumped into a long WAVE position. Entry is a little higher than I had wished but I am fairly confident WAVES will bust a move within the week. EMA8 is crossing EMA200 for the first time ever and price is currently above all.

Entry 1500 sats

Comment:

Apologies I mispoke, the EMA8 crossed the EMA200 back in Q4 of 2019, and when this happened last the price hiked from 2500 sats to over 12000. I know a lot of people that got burned on this alt and if you look at its price history, 2019 was relentless to WAVES holders.

Follow the TA, F*** the fundamentals, they'll get you killed in here

Comment:

Some will also point out that there is a cup and handle formation with the Cup beginning 1/1/2020 and end of cup at 2/10/2020 and from 2/10/2020 - Today the handle is forming. Generally for a cup and handle formation to have merit it needs to be looked at on the weekly (in my opinion) and the lower time frame (as with most indicators) the less merit. Nonetheless, I feel good about this. Let's see what happens :)

Trade closed: target reached:

1575, 5% TP