My method of closing instrument holded longterm (as investment) is to not seek the top, but if You see drop from All Time High (in my drawing i got 10000USD for BTC but it's for example only, not a prediction of price!) deeper than 38.2 Fibo (especially on closed Daily and Weekly bars) You should close part or whole holding after bump from levels below 0.382 (and...
goes NXT :) details of trade here: www.cryptocompare.com
Price looks intresting here (around 75% retrace from ATH on - measured on closed bars). So i will add this to my new portfolio for not overpumped coins. www.cryptocompare.com Entry quantity everyone should estimate for yourself. My is exemplary (not so real, that i use of course).
It's for now more realistic scenario based on Elliot's Waves Theory. However there are more, complicated in nature possibilities (corrections can be more complicated, than those drawed by me). Or 5th waves of lower tiers can be much longer (i think that with so long wave 3rd in 3rd in 3rd in 1st of highest tier, 5th wave should not be so extended, but who knows...
Accordingly to my strategy played some time in this portfolio: www.cryptocompare.com i will try to close the rest of long here after bounce to at last 5860$
And many others: The list is here: www.cryptocompare.com I base on Moon phases and longterm on Mercury moves. Daily candle close above the grey line gave me buy signal here. The same is in case of other altcoins in my portfolio.
and bears has taken more power.
as in my ETHUSD trade i will give here 2% of my equity entry point is 0.21 $ 25% to close @0.3 25% @0.34 25% @0.37 25% somwhere on the chart;)
This wave cant lasts forever (It's so "parabolic" scary). I will take my part of cake @ 6240, another part i will sell after further price action or after dump action from whales side (when after first dump wave the price will bounce up significantly of course).
It's simplified drawing made by me in comparison to the last one chart @XEMUSD Under 24-28.5cents area XEM is poised to sideways moves with tendency to slow sliding down (in case of BTCUSD pushing higher), or growing dumps and more blood in chart (after the topping @BTCUSD and dumping behaviour, as it was). It is now visible that XEM and overall altcoins did not...
2% of my equity 25% of position with target @470 25% @ 500 25%@ 540 25% will be closed in point unknown yet;) trade will be closed after daily candle significant close under the lowest black line (not far away from my entry point).
I try to be in this like a prophet. I'am curious if the chart can be drawed by market forces similar to my drawings.
As i wrote earlier 6250 is an intresting level to partially close longs here, but "mooning" can of course end much higher. Maybe around the red line and next full Moon phase 14 days later.
Situation here is similar to that described @XRPBTC pair by me.
The chart shows all that is needed to play. Position taken on horizontal line of one color should be closed after bounce to ray in the same colour. The levels of entry are visible on this chart, with blue arrows - they shows possible price action after bounce.
1,5cents is so tempting here, that i will try to get this long@ 0.015, if the market forces may be so kind:)
to retake XEMs cheaper 50000XEMs pending buy@ 0.12 50000XEMs pending buy@ 0.09 100000XEMs pending buy@ 0.0375 This plan is valid to the end of November or will be invalidated, when double black lines area will be broken per daily candle close above it.
@68.8$ for 2% of my equity target for 50% of this position goes to 140$, for 12,5% to 160$ and for another one 12,5 to 180$. Rest (25%) will be closed manually.