Long

VENBTC buy signal partnership announcement soon

Updated

buy around or below 48.5k

Sell target 1: 51k
Sell target 2: 53k
Sell target 3: 55k
Sell target 4: 57k

The partnership with Cisco will be announced soon (within 24 hours)

Note

The announcement might be postponed for celebrating Chinese new year (Feb. 15 & Feb. 16). Today they are busy at releasing some video contest. It's only a matter of time that this partnership is revealed. In fact they have started some kinds of collaboration with Cisco as early as in 2016.

Note

First target has been reached. If you bought at 48.5k, now you already have 5% profit. I have sold some to secure my profits.

Note

If they decide to announce the partnership today, they will do it within two hours. If not, it is very likely that it will be announced tomorrow or the day after tomorrow.

Note

I have bought back the part I sold at 50k because I think the partnership announcement is very close.

Note

Target 2 has been reached though the partnership hasn't been revealed yet. Remember sell news. The partnership announcement has been priced in.

Trade closed: target reached

I have sold all between 52k to 53k and have gained around 20% profit because the price of BTC also rises. I decide to not wait for the news. I made this decision mainly for two reasons:
1. Everyone knows some news coming because of the CCK twitter. The news has been priced in. I expect there will be a sell-off if the news is as expected or worse than expected.
2. BTC may well have a correction tomorrow after this bull run. I might end up lose USD if I kept VEN for the news.

Anyway, good luck and happy Chinese New Year!

Note

Lol target 3 (and 4 almost) has been reached. It turns out that I made bad exit decision last night. Congratulations to those stay!

Note

59K! If I sold now, I would have 50% profits! 50% profits in two days! Too bad I have sold last night with 20% profits. However, I feel no regret because I am not some kind of god and I could not simply see the future from my crystal ball. Every indicator showed our market was about to have another big crash last night. What if I didn't sell and wake up to 5k BTC? I am not a risk-seeker and I'd rather take safe profits to avoid potential big losses. 20% is still a pretty good gain and bit by bit we will have our lambo.

Callmepope

We don't trade patterns. We draw them.

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