Long

Updated

Lunyr preparing for another pump of doom

Hello guys,

I have traded a lunyr setup 4 times already, I know exactly how it moves now.

Let's take a look at the daily :

Very high volume on both sides of the cup and handle, bounce around the handle corresponds to a cup an handle, for now this pattern is validated.

Chart:

We had our first big pump to 9000 satoshis, which did around 50% pump, the lunyr setup never ends until it does like 100-250%. This will happen sooner or later, it seems like it's preparing to happen this month.

Let's see how it reacts. Clear uptrend for now

Note

Idea:

Note

We have room to retest the trendline.

Good buying opportunity at 4500 ish if it goes there.

For the others, it's just noise, awaiting target to hit

Note

Time to stay in this trade: 27 May 2019.

After this, target won't be very profitable for me

Note

Last buying opportunity coming:

Note

I feel like I need to update this because:

- I just sold my lunyr as btc is weak
- PLaying the cup and handle formation, if btc holds, will buy back at 5620
- Triangle broke, the pump is happening, but it will fake people out first

Note

Our sell hit pretty well. If you've been following me, we handled this trade pretty well.

Update on our buy back:

We have several options here, we either rebuy the respected uptrend line ( which is where I'm going to buy at around 5800 sats.

Sometimes, (most of the times), these trend lines break, then in this case we head towards 5100 sats to the bottom channel target.

If this breaks, it becomes a bearish scenario.
I would say the probability of this happening is low, unless btc massively crashes.

Note

Feels good to know TA huh?

Note

If we didn't, then we would have bought the fake pump here:

It's going to dump more, patience small sons

Note

Target hit.

Bought at 5620

Note

Unfortunately I had a sell at 6900 that I couldn't cancel, thank you binance!

But still at a profit. I got scared for a moment that this would be the 100% pump, but luckily it isn't, but I have a feeling it's coming soon. Let's analyse where we will buy back :

Buying at 5900 doesn't seem too bad as it's respecting the channel it seems

Note

Lunyr whales don't want to wait this target.

We're playing the cup and handle on the 5 minutes chart:

Note

Buy hit, we're back on track.

This is really tricky to trade, could go down, but damn I got to say Lunyr is looking pretty strong constantly testing confluence zone around 6900-7400, it's going to break it soon.

Note

Education time on our entry:

Nothing is random, all is calculated and studied. This movement is being printed by the market makers to drive to bullish upwards. A clear cup and handle is being formed as you can see in the above picture.

Most of the times, handles retrace to the 0.618 fib line. Simple stuff.

Note

Could be a buying opportunity , or it could not:

It all depends on BTC now. If BTC manages to recover, lunyr will go up

Note

I promised you real time update, to make this thread the best thread ever, so there you go:

It broke down the channel, and we will see a corrective wave. We should wait for an entry if we are not, if we are holding, like I said, it's just noise compared to the big picture

Note

Very strong support at the 0.5 fib line. I don't think it will hold, but it seems very bullish, should keep an eye on it.

I would focus on the purple EMA line, this is where I believe it will bounce based on other fractals

Note

This is what I'm looking at now:

Note

CBOE just delisted bitcoin!

I'm out in tether, care those in alts

Note

I gave BTC one whole day to dump, it didn't. Alts are pumping, I bought back my lunyr position.

Note

I made a bad entry last night, but it's ok, I know the pump is coming, let's just hope the dump doesn't break 6000 sats.

Note

Market is showing sign of weakness.

My stop loss would be at 5700 satoshis.

Note

Moment of truth.

Note

I didn't sell this pump because I was at work, however, before you panic, let me show you something:

About to cross bullish soon if 6300 sats holds, like I said on twitter 2 scenarios here:

- Either this weakass pump was lousy
- This pump was clearing orders for a bigger pump to come in the following days

Note

If it doesn't bounce here, I'm getting out at minor loss.

Note

Bounced, looking good. All set up bros

Note

Do I need to say anything else?

This is going to do a 250% without a doubt. AS we speak, price is stabilizing around 6900, incredibly bullish move, often preceded by a pump.

Might fakeout dump to 6600-6700 then immediately pump

Note

Little kids, let me show you something. This is the wabi chart before the pump :

Now take a look at lunyr

Note

Okay, plan is going terribly wrong, and first channel got broken, but the second one is still respected, and I still believe in this pump

Stop loss changed to 5600. We break this, I'm out. I'm still optimistic that it will happen, but at this point it's just wishful thinking.

Zebre_Trader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Zebre_Trader