nixholas

XMR Bull Div

Long
nixholas Updated   
BITFINEX:XMRBTC   Monero / Bitcoin
8
Retracement to 0018/17 has been met and we're probably in the healthy zone to fill another 4 days - 1 week long that might bring back good TP. However, this is really speculative because there are huge bear signs in conjunction with other trends. Monero being monero, it's not an ultra ponzi like DASH so i'll be opening a position for long at 18, followed by another one at 177.

Stop Loss at 16, which is the ultimate support level we have around this range, anything going below that will probably be another oversell or dump.

Positions:
0.018
0.0177

Take note that there are several factors that may lead to this failed run, double top, sideways trend and my positions are small.

I'll have another idea just to show the other trend.
Comment:
Trade active:
Recovery seen from a probable double bottom. Let's moon.

Position opened: 018000
Trade active:
Position Opened: 0177
Comment:
Bear div might persist but after that, a bull div will return.
Order cancelled:
Forgot to update that my positions closed at 0175 and my short that was opened at 25 helped cover the loss, not even a pinch was lost.
Comment:
Refer to the Bear div idea for a better reference now.
Trade closed: stop reached:
Looks like a bear div might come. Position closed at 0.019285
Trade active:
Had an order set at 0.0185. Apparently it was filled earlier so..
Trade closed: target reached:
Position closed at 0.0202
Comment:
There might be a retest right now, let's wait and see.
Comment:
Probably see some dead action here, stay tuned in a new idea incoming
Comment:
Bear failed, Bull soon.

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