4h chart wedge pattern needs to hold support on the $30.50 level.
A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos.
Best of luck to everyone; please add any constructive criticism this is my first publish. Much appreciated.
A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos.
Best of luck to everyone; please add any constructive criticism this is my first publish. Much appreciated.
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I have been long since Friday CDA $32.40
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Wedge holding.
Increased Position size 0.5% (CDA $31.99)
Increased Position size 0.5% (CDA $31.99)
Комментарий:
Looks like price slipped the wedge a bit; Holding above $30
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Nearing wedge action zone// filled limit orders ; new DCA $31.56.
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CDA $31.51. Looks like volume and moonski potato ?rocket indicator inserted last night gave the right amount of juju
Комментарий:
5m Bars Update 01:12hrs 1/31
Resistance from top of wedge and high RSI, two scenarios roughly drawn--
Green primary. Orange secondary. Still Holding.
Wedges in wedges like an RXY motor! High rev movements are due...
Resistance from top of wedge and high RSI, two scenarios roughly drawn--
Green primary. Orange secondary. Still Holding.
Wedges in wedges like an RXY motor! High rev movements are due...
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Reduced Position size from 7% portfolio @ CDA $31.45 to 3.5%. Still curious to see what will happen with this double wedge formation and been risk high on cryptos anyway.
Profit taking will pay for a night of gokarting ;)
good luck gents/ladies!
Profit taking will pay for a night of gokarting ;)
good luck gents/ladies!
Комментарий:
You guys probably saw this a long time ago. Confirmation bias at work ;)
4h chart again.
4h chart again.
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Reduced exposure at $33.50.
Now @ 1% portfolio.
Here you go on 15m bars
Will jump back in above wedge with volume.. Otherwise I think this will go lower int the short/mid term as stocks continued to re-2006.
Now @ 1% portfolio.
Here you go on 15m bars
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Closed position @ 33.70. No volume.
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mistake in previos post. still learning. apologies
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reopened at $32.50.. for 1% portfolio
since it put the respek on that wedge..
since it put the respek on that wedge..
Комментарий:
sleep pattern based analysis is telling me the moment I go to bed this will break the respek wedge of old. position carefully and take profits into strength.
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Wedge is scary accurate.
Sold off 90% @ 33.25 from DCA $32.50. roughly $67 profit.
Will rebuy if wedge breaks up with volume.
Sold off 90% @ 33.25 from DCA $32.50. roughly $67 profit.
Will rebuy if wedge breaks up with volume.