$COIN going higher?? Or nose dive? (According to #fintwit)
Friday the 14th was an insane day for $COIN. I ended loosing $800 after being up $2.3k in the first 15 min at the open and then lost all of it throughout the day trying to get back in.. :(
However! I am currently long holding over the weekend (EXTREMELY RISKY) because the chances of
COIN
opening up at or near the same price it closed on Friday is LOW. I think it opens higher, let me tell you why.
You're looking at the 15 min chart. As you can see, Friday morning had an INSANE amount of buying and then it was rejected at the $114.30. It took all day to digest those gains until the 14:00 15 min candle, where we get a reversal. The volume that follows is bullish and rivals the selling that took place throughout the day, so buyers defended the the $104 level.
Is there a chance
COIN
opens up below $100 and I eat my words and cry? Yeah probably, and I'm prepared for that. Nothing in the stock market is certain and nothing is owed to you. Stay humble or be humbled..
Let me know what you think about this and my latest posts. Feedback is always welcome. It's okay to be wrong but it's not ok to stay wrong.
However! I am currently long holding over the weekend (EXTREMELY RISKY) because the chances of
COIN
opening up at or near the same price it closed on Friday is LOW. I think it opens higher, let me tell you why. You're looking at the 15 min chart. As you can see, Friday morning had an INSANE amount of buying and then it was rejected at the $114.30. It took all day to digest those gains until the 14:00 15 min candle, where we get a reversal. The volume that follows is bullish and rivals the selling that took place throughout the day, so buyers defended the the $104 level.
Is there a chance
COIN
opens up below $100 and I eat my words and cry? Yeah probably, and I'm prepared for that. Nothing in the stock market is certain and nothing is owed to you. Stay humble or be humbled.. Let me know what you think about this and my latest posts. Feedback is always welcome. It's okay to be wrong but it's not ok to stay wrong.
Comment:
I traded poorly here. I was so certain that it would move higher after some pullback during the day but they all failed. This is a good lesson: take your money and go. I was up good but gave it all back and then some. I was greedy. Don't be greedy.