oilyprata

ICE has bounced each time it touches the 200 day SMA

Long
oilyprata Updated   
BITFINEX:ICEUSD   None
Bouncing from here. If candle breaks below the 200 day SMA, it will be lots more red. Hoping not.

Expecting it to surf within the orange trendline channel. To a price 21-23 based on the upper orange trendline.
If candles breaks out of this upper orange trend line and flag. It will be a time of celebration for us!
Fingers crossed!
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Note this ticker is very dependent on how BTC performs. If 1 day BTC candle can break pass the 42.5-42.6k, am expecting ICE to head back to 21-23. Am intending to cash out some then and buy later. Unless ICE breaks pass out of the upper bound trendline.
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My strategy is to exit at 21-22. if two ICE 1 day candle breaks pass the upper line and stays there, will buy back in. Otherwise, will wait to enter again at a later stage.
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Price target hit! :D
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Sold my position today. Waiting for confirmation from what will happen to BTC before buying back in. My prayer is that BTC will test a new low, so that I can buy ICE once more at 10-12 :D
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If you buy now, at 20-22. You are likely buying at the top. Unless the 1 day candle breaks out of the upper trend line.
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Looking to buy around 12.50, let's see! If ICE's daily candle breaks below this. it will be all hell break loose!
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Woah, wasn't expecting ICE to break pass 11 and now 8.5 so quickly! Am NOT buying in yet, till 5.20. Bcos BTC looks to be heading to 32k
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Trade closed manually:
The moment there were issues with 1 project, the trust is broken!
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