We're Whalers from the Moon with an XMR Harpoon!
Updated
My last idea was definitely a bit early, the price has had some interesting times in the last couple days. Unfortunately got trapped in a short at 170, definitely was not expecting such a rapid market shift. The 100+ BTC buy that sent the price rising over 10% was definitely not anticipated.
So now we must play this new field, which is actually not looking bad. As we can see there is a flat bottom flag, which in my experience is always indicative of a down trend/slide in price. I am going to continue holding my short position unless there is a CLEAR breakout from the down trending channel denoted in blue.
Hopefully all goes to plan and we can sing our whaling tune:
We're whalers on the moon,
We carry a harpoon.
But there ain't no whales
So we tell tall tales
And sing our whaling tune!
So now we must play this new field, which is actually not looking bad. As we can see there is a flat bottom flag, which in my experience is always indicative of a down trend/slide in price. I am going to continue holding my short position unless there is a CLEAR breakout from the down trending channel denoted in blue.
Hopefully all goes to plan and we can sing our whaling tune:
We're whalers on the moon,
We carry a harpoon.
But there ain't no whales
So we tell tall tales
And sing our whaling tune!
Trade active
Trade going pretty well so far, price has fallen as I expected. However we are just waiting for it to break through the MAJOR support at 165. If it does not break the 165 mark before it goes out of bounds the strategy is going to need some adjustment. Stay frosty people, its gettin' wild.
Trade active
Trade going great, made an accurate prediction this time, just took a bit longer than I expected. Going to keep holding until we see a reversal in the decline. Hopefully in a day or 2 here we should be at the target. Already up on some good profit so to me the rest is just gravy.
Hope some of you were able to make some GAINZZZ off this one!
Trade closed: target reached
Made it all the way to my top green line. Unfortunately the price didnt fall quite as far as I expected but it was pretty good as well. Appears to be an uptrend forming so stay on the lookout!
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