bagofXMR
Long

One more monero continuation bull flag

POLONIEX:XMRBTC   Monero / Bitcoin
Last 2 bull flags worked PRETTY well, delivering nice profits.

Here is a forth bull flag in 4h chart in a row targeting the 0.0135 area this time. Previous targets were 0.009 and 0.011.



snapshot

**Bull flags are a pattern i use to scalp my core long, i only consider them viable as we are already in an up-trend. Bull flags are a continuation pattern, if the trend does not exist, it makes no sense considering them.

Comment:
snapshot
Trade active: Stop-loss didn't trigger so this trade is still active. Re-adjusted my targe to 0.0124-0.0126
Trade closed: stop reached
Comment: Unluckily i closed this scalping trade. But it finally reached the re-adjusted target i proposed.
How are you feeling about this BTC rise? Do you see a major effect to what you are predicting?
Reply
bagofXMR MadWicket
@MadWicket, Surely, it can have an effect. My core long, with initially a base price of ~0.0061 (now way smaller thanks to scalping + reaching target 1 https://www.tradingview.com/chart/XMRBTC/z8C938NZ-XMR-bottomed/), has a stop-loss at ~0.0093, where i would pocket a +50% profit before margin.
Imo while 0.0097 is not broken, trend/trade is 100% valid/active.
I'll close whatever the xmr price is if btc breaks local high with strenght
Reply
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