MAIDSAFE has been performing well since the start of the year and looks good to continue doing so for the near future. Three trends seem to be in play and it's time for MAID to pick her champion. will it be the exciting but unpredictable Sir Parabolic Moonshot or will the prettiest gal in crypto opt for the less dashing but more long term security of a C&H, or maybe she'll go all Bridget Jones and have them both. or will it be contestant no 3, Bearman! (oh noes!) descending tops on higher timeframes suggest a point of resistance that may be hard to beat. take profit now and prepare to re-enter long or short would seem sensible. with price gains on the back of a bullish BTC then there's every possibility of more from this bountiful beauty!
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Maid drawing a pretty neat cup and handle on the 15min timeframe, bouncing off the tops trendline drawn in red on this chart. expectation is still for a strong upside once the handle completes, maybe soon. watching carefully, alarms set.
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Well, what a nice little pump we had yesterday, opening once the pump crossed the red trendline line on the chart and closing just after the top with a healthy 6% profit! But don't quit yet, because our lovely lady looks to be coiling up for another pump, Stoch RSI is making higher lows and there's a textbook ascending triangle forming on the 15min timeframe. I'm going to keep one eye on the OBV for entry and exit cues but keeping stops tight and watching out for overbought signals on 15m and 1hr in case she retraces back down across the trend channel, but for now MAID seems to be eying up the stronger of the two channels, having already shot through the x-over point with a determined upward move. Go on lass!
Trade closed manually:
Another nice pump today. Exited neatly very near the top, making 50% on an older long and 12% on position taken earlier today for a tidy little profit. for the long term maid still looks strong so we're looking for a re-entry point once we get a confirmation of continued uptrend, however after todays activity she needs time to rest. so I'm out for now but keeping an eye on this honey, she's got a promising future ahead
Trade active:
so we stepped away from MAID after selling pretty near the top to give time for consolidation, which is exactly what happened. noice! the re-entry point in the previous update was ignored due to bitcoin gaining strength. bitcoins continued strength and the strong smell of FOMO that's building around Camp Honeybadger is going to be a major factor in trading this pair for the meantime, so be prepared to keep one eye on the BTCUSD/CNY/JPY pairs, cause if bitcoin starts pulling out the big green dildos, you know all the other coins are going to get loved, tenderly, right in the pricehole. For now though we're seeing strong and stable growth in both, with MAID gaining *on top of* bitcoin. re-entry is around 16655 but a smaller position has been taken due to weaker indicators, and in the expectation that we may need to close out early (stops set!) or be prepared to go very long (btfd or adding at the bottom) in order to realise profit. incidentally DASH has already begun a strong uptick and as i seem to trade DASH and MAID at similar times for similar profits then it's worth considering DASH as a MAID frontrunner (pure supposition of course, always do your own research.) take profits at 10 and 20% around previous s/r and top, or just let it run on a trailing stop. happy trading!
PS holla at me in the comments, i'm seeing some follows so i know your listening, whatcha thinking tho?
PS holla at me in the comments, i'm seeing some follows so i know your listening, whatcha thinking tho?
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