-Based on 'Classical Charting' we can see multiple possible trade opportunities. REALISTIC 10%+ Optimistic 30%
-We have also hit what I would consider the "the bottom" (around 50% retrace) So a possible 30% jump coming to the old support?
-I have placed a dotted line where we should have seen a bounce and where my first sell orderwill be placed.
-Does the extra retrace give the upcoming trend reversal more steem?----- (Bad Dan Larimer joke)
-Zoom in, Check out the trades and remember, we work in possibilities.... Multiple POSSIBLE trades upcoming.
-I have bought in and will continue to buy if I see a repeat of the previous 3 opportunities
(Jan 2nd, Jan 5th and Jan 10th.)
-It is now 8pm GMT, Jan 16. I expect to sell around 0.00003500 in 2 days maximum. I will then evaluate the position if I consider us moving towards 30%
-Not unlike BTC, we could see 3 bounces sideways before we know the future of BitShares. (More bounces, more trades.)
-We have also hit what I would consider the "the bottom" (around 50% retrace) So a possible 30% jump coming to the old support?
-I have placed a dotted line where we should have seen a bounce and where my first sell orderwill be placed.
-Does the extra retrace give the upcoming trend reversal more steem?----- (Bad Dan Larimer joke)
-Zoom in, Check out the trades and remember, we work in possibilities.... Multiple POSSIBLE trades upcoming.
-I have bought in and will continue to buy if I see a repeat of the previous 3 opportunities
(Jan 2nd, Jan 5th and Jan 10th.)
-It is now 8pm GMT, Jan 16. I expect to sell around 0.00003500 in 2 days maximum. I will then evaluate the position if I consider us moving towards 30%
-Not unlike BTC, we could see 3 bounces sideways before we know the future of BitShares. (More bounces, more trades.)
Trade active:
Nothing unusual, yet.
If I see a clear break, up and out of this trend, I will add some weight to my position.
We are testing a BIG historical ascending triangle, formed almost exactly 1 month ago and which allowed for the move from the 2000 Sat range, to the 3000.
If we break this support, we must re-evaluate.
If I see a clear break, up and out of this trend, I will add some weight to my position.
We are testing a BIG historical ascending triangle, formed almost exactly 1 month ago and which allowed for the move from the 2000 Sat range, to the 3000.
If we break this support, we must re-evaluate.
Comment:
You can happily take your profit off the table here, or hold, I am personally looking to ride "house" money so I will be taking my profit at this point and increasing position if and when it dips.
