I'm not bullish about the market right now. And I'm not gonna take a serious position because of this but i just thought it's interesting to watch.
This is a ~19 days of accumulation right now. It's not much but still looks interesting. This is just something I wanna watch and possibly learn something.
This is a ~19 days of accumulation right now. It's not much but still looks interesting. This is just something I wanna watch and possibly learn something.
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No serious volume. That's a problem.
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Bigger range looks like a redistribution. That's the second problem.
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Consolidation below a very important level. It's definitely bearish on the bigger picture.
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Maybe this will be a correction move.
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I like the confirmation after spring. I like the consolidation above that trend line. Yeah my view is clear. Short term bullish then bearish. Correction.
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I have a small position. 42.4 entry 41.5 stop 49.4 tp. I usually close manually but anyway :D
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Or a better stop is around 40.2. I moved it. Position is small anyway.
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Moved my stop to 41.8
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Moved stop to 43.2
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Whole market looks ugly right now. I think.
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Not bad
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Lol this looks so ridiculous. Maybe this is the stop hunt of the week but it's better to be safe here.
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That's a bounce.
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This is just a better confirmation for me. For now at least. I'll try to long blue box with a tight stop.
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I took another small long from 42.1. My limit order wasn't hit so I had to market long.
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41.5 stop.
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Gain 44 and we are all good.
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This can also be part of a bigger accumulation range. I know very little about Elrond but I like to play with this chart.
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Ltf looks bad. I closed here. I have an order around 39.5. I feel like EGLD needs it. I already have an ALGO long. So it didn't make sense to even have a small risk with this PA of EGLD.
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Lol pump minutes after closed. I market a longed a lil bit :D Ltf is fixed.
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Consolidation should've been above this. Maybe btc will fix this again but EGLD itself is not so bright rn.
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Key level.
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Hmm, what we are we doing here?
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Very interesting. I think we might be going.
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I have closed my position out of boredom but I just took it back from 44.1. Let's see if it makes a decision here.
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Oh wow we have Coinbase listing news. I didn't know it at all. It's crazy how the chart talks.
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Spot is leading. Not bad. Not bad at all.
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Breakout with two nice candles.
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Consolidation above all the previous closes in the range. That's what you wanna see.
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It doesn't really look healthy. All alts look bad.
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It's funny how similar it is to my drawing when you cut some sideways. There is still hope here but I'm not interested right now.
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Because BTC and ETH is making a textbook bear flag right now. ETH has already lost uptrend. BTC almost.
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This is the lesson. A small narrow range turns into a redistribution. It was bearish in the bigger picture.
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Although right now it's coiling up kinda nice.
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EGLD's trend is more healthy than most coins imo. Came back into the range. Now it needs to hold. I'm actually considering a hedge long here for my shorts but let's see.
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But you can also argue the parabolic trend is broken and that's dangerous.