Featured in the OCT Dashreport. Nick said to wait for a significant close above the 21dma. I entered before close of day Oct 7. Stop loss will be a close below the 21Dma.
Last time this strategy took place, price went from the $2-3 range to $24, and our exit would have been around $11. I doubt we will see the same multiple this time around, but who knows how...
Reasoning:
-Datadash brought to my attention, it was featured in the last dash report closer to the lows,
-Broken free of two diagonal resistances
-retesting the resistance of a reverse head and shoulder as support
-Above 21, 50, 100, 200 day moving average
-above bull market support band.
-Many of these potential support levels are converging on the same price...
Expecting a bounce and saw a triple top with a breakout on the hourly following the bounce at $30. this is trade #4. will update with results. super tight stop on this one. max loss around $250
Entered on bounce off 1.70 support at 1.7474. With a stop at 1.695. unfortunately my mistake was not atually setting the hard stop and selling at 1.566 instead. bitcoins decline also had some say in the outcome of this trade and i should have been more aware of the market conditions. shorts are printing and ive been going long.
-10% and -540$
0/2 so far
First trade of the year made on Jan 20. Entered into a long at 1.065 with a stop under .98. The trade failed, my mistake was tading aghainst the trend, as MNMD IS CLEARLY IN A DOWNTREND AND HAS BEEN FOR SOME TIME.
-8.5% on the trade -504%
0/1 so far
ignore the comsos chart
Please note I am using the logarithmic scale for these charts.
TLRY was in a clear downtrend for 78 weeks, and has since been consolidating for 34 weeks. with highs of $300, and a current price of 7.40, this thing has huge potential for a large bounce. on the 1W chart, we have been essentially range bound since the highs and have recently broken above.
Trade...
Entry: 0.0027 btc, goal is to sell 1/2 on the way up and turn the other into a swing. sl is tight at .00245. bnb is also the hottest coin on binance US since btc tanked to 10k.
