before i start remember this is pure speculation!
so I missed my entry on the weekly ascending triangle by 1.5% approx
this was/is a solid breakout & I wanted to see more data, my 2$ target is still valid
now back to the chart in question, I zoomed out on bitstamp & we clearly have resistance coming up, simple question is will it break or reject? if this breaks out then sure my idea is invalid for now but if we do reject then what will be the best setup to add more or add fresh position on retrace????
i am looking at 2 setups at the moment
no. 1 is a possible cup & handle that might form on weekly/monthly chart
2nd setup is the ascending triangle now this both setups are BIG IF, IF the resistance rejects If the price comes back to support if that support hold so many if's!!! but IF this works out this will be a trade for retirement or coin you can pass it on to your kids
the simple way I am gonna trade this
I will use 1% of my trading portfolio like I have used with others like GRT, AKro etc
gonna divide them equally for both plan 0.5% -0.5%
this is a multiyear trade so don't expect to hit target by next week IF this plan works it will take 2025 for it to breakout & who knows how much longer to hit target
whatever it is it's gonna be fun to see how this pans out :D
so I missed my entry on the weekly ascending triangle by 1.5% approx
this was/is a solid breakout & I wanted to see more data, my 2$ target is still valid
now back to the chart in question, I zoomed out on bitstamp & we clearly have resistance coming up, simple question is will it break or reject? if this breaks out then sure my idea is invalid for now but if we do reject then what will be the best setup to add more or add fresh position on retrace????
i am looking at 2 setups at the moment
no. 1 is a possible cup & handle that might form on weekly/monthly chart
2nd setup is the ascending triangle now this both setups are BIG IF, IF the resistance rejects If the price comes back to support if that support hold so many if's!!! but IF this works out this will be a trade for retirement or coin you can pass it on to your kids
the simple way I am gonna trade this
I will use 1% of my trading portfolio like I have used with others like GRT, AKro etc
gonna divide them equally for both plan 0.5% -0.5%
this is a multiyear trade so don't expect to hit target by next week IF this plan works it will take 2025 for it to breakout & who knows how much longer to hit target
whatever it is it's gonna be fun to see how this pans out :D