So I've posted a few of these <insert ticker here> bear experiments with new calls that I've made recently, but there are a few that have been stewing in my personal repo for a while. I was flipping through pages when I found this dusty old bag. I drew all of these lines a better part of a year ago, and it's probably my most accurate long term call so far to date. The wiggly downtrend line was just an intuitive guess, but the horizontal lines are calculated from a custom pivot algorithm. I don't see any enormously compelling reason why ZRX is primed to gain on the ratio right now at this precise moment in time, but my greatest failures in trading always come from not listening to my past self. I'm not making a trade, and this is not trading advice, but I'm very curious to see how this plays out... I hope it keeps going down, otherwise I will regret not listening to my past self again.
Comment:
Right on the money. Fortunately I did end up listening to my past self in the nick of time. Up over +40% in USD in a relatively small position after trading the recent volatility. Now holding long, but a bit nervous due to the overall crypto market conditions. I am shocked that, while BTC and ETH have dropped significantly in the last week, that ZRX has not only held break even in USD, it actually holds a substantial gain. Whether it's lagging the market or displaying strength, I cannot say for now. Let's see what happens.
Trade closed: target reached:
+100% gain in less than 2 months, trade closed. Wait for a new entry point.