Do my TA properly and realized i should not have been blinded by faith. Let the math speak and move one.
I lost.
But I will improve.
Buy: .00005707- .00006367
Sell:
1st target: .00007 (.786)
2nd target: .00008 (.618)
3rd target: .00010598 (.236)
4th target: .00012157 (above wave 3)
Stop: .00005172 (wave 1)
Approach used:
1. people.hofstra.edu/g...mg/stages_bubble.png
2. Fib retracement
3. Followed Elliot wave principle strictly
4. Elliot Five wave pattern
I lost.
But I will improve.
Buy: .00005707- .00006367
Sell:
1st target: .00007 (.786)
2nd target: .00008 (.618)
3rd target: .00010598 (.236)
4th target: .00012157 (above wave 3)
Stop: .00005172 (wave 1)
Approach used:
1. people.hofstra.edu/g...mg/stages_bubble.png
2. Fib retracement
3. Followed Elliot wave principle strictly
4. Elliot Five wave pattern
Comment:
I'll admit. My prev analysis was blinded by hope. I apologise
Comment:
There's a reason why I include stops:
1. Minimise loss as TA was not able to identify correct trend
2. Give you potential to increase what you have
Quick math:
10000 POWR Sold at .00006BTC/POWR = .6BTC
Buy at current price with .6BTC
.000052POWR/BTC bought with .6BTC = 11538POWR
1. Increase your tokens in the company by almost 15% .
2. Increase pool of people in the company which would hold for the long term.
1. Minimise loss as TA was not able to identify correct trend
2. Give you potential to increase what you have
Quick math:
10000 POWR Sold at .00006BTC/POWR = .6BTC
Buy at current price with .6BTC
.000052POWR/BTC bought with .6BTC = 11538POWR
1. Increase your tokens in the company by almost 15% .
2. Increase pool of people in the company which would hold for the long term.
Trade closed: stop reached:
Reach stop.
Few considerations:
- Current public sentiment towards team is not positive
- Sat prices
Few considerations:
- Current public sentiment towards team is not positive
- Sat prices
Trade active:
wave came later than expected
Trade closed: target reached:
1st target reached. Will update TA