Long
MAID/BTC Life after breaking the daily 200ma
Updated
While we still have no clear answer to when the launch of the SAFE Network will be (hinted at this year), MAID has finally broken over the daily 200ma for the first time since it fell through in July of 2017.
We had a nice bullish move up to the upper 6k range, which is usually a major distribution zone and we saw that once again.
Now after falling about 30% back down, we retested the daily 200ma and held it! (for now). I would hope to see a nice push up because of this to the 5600-5800 range.
Consider this a higher risk trade this time and set tight stops. Especially because of the bearish activity with bitcoin over the last weeks.
Take luck friends!
We had a nice bullish move up to the upper 6k range, which is usually a major distribution zone and we saw that once again.
Now after falling about 30% back down, we retested the daily 200ma and held it! (for now). I would hope to see a nice push up because of this to the 5600-5800 range.
Consider this a higher risk trade this time and set tight stops. Especially because of the bearish activity with bitcoin over the last weeks.
Take luck friends!
Note
Looking like maids favorite pattern, a rising wedge. might come close to 5700 but looks like some retrace is coming very soonNote
got out just below 5600. Waiting for a more clear entry level.Note
wedge popped perfectly. Nearly tapped the daily 200 again. Im suspecting we sit around that 200 for a while, in order to build better support around it.Note
Potential buy here on the daily 200ma. Would sell around 5200. Seems stuck for now.
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