I'm not bullish about the market right now. And I'm not gonna take a serious position because of this but i just thought it's interesting to watch.
This is a ~19 days of accumulation right now. It's not much but still looks interesting. This is just something I wanna watch and possibly learn something.
This is a ~19 days of accumulation right now. It's not much but still looks interesting. This is just something I wanna watch and possibly learn something.
評論:
No serious volume. That's a problem.
評論:
Bigger range looks like a redistribution. That's the second problem.
評論:
Consolidation below a very important level. It's definitely bearish on the bigger picture.
評論:
Maybe this will be a correction move.
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I like the confirmation after spring. I like the consolidation above that trend line. Yeah my view is clear. Short term bullish then bearish. Correction.
評論:
I have a small position. 42.4 entry 41.5 stop 49.4 tp. I usually close manually but anyway :D
評論:
Or a better stop is around 40.2. I moved it. Position is small anyway.
評論:
評論:
Moved my stop to 41.8
評論:
Moved stop to 43.2
評論:
Whole market looks ugly right now. I think.
評論:
Not bad
評論:
Lol this looks so ridiculous. Maybe this is the stop hunt of the week but it's better to be safe here.
評論:
That's a bounce.
評論:
This is just a better confirmation for me. For now at least. I'll try to long blue box with a tight stop.
評論:
I took another small long from 42.1. My limit order wasn't hit so I had to market long.
評論:
41.5 stop.
評論:
Gain 44 and we are all good.
評論:
This can also be part of a bigger accumulation range. I know very little about Elrond but I like to play with this chart.
評論:
Ltf looks bad. I closed here. I have an order around 39.5. I feel like EGLD needs it. I already have an ALGO long. So it didn't make sense to even have a small risk with this PA of EGLD.
評論:
Lol pump minutes after closed. I market a longed a lil bit :D Ltf is fixed.
評論:
Consolidation should've been above this. Maybe btc will fix this again but EGLD itself is not so bright rn.
評論:
Key level.
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Hmm, what we are we doing here?
評論:
Very interesting. I think we might be going.
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I have closed my position out of boredom but I just took it back from 44.1. Let's see if it makes a decision here.
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Oh wow we have Coinbase listing news. I didn't know it at all. It's crazy how the chart talks.
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Spot is leading. Not bad. Not bad at all.
評論:
Breakout with two nice candles.
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Consolidation above all the previous closes in the range. That's what you wanna see.
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It doesn't really look healthy. All alts look bad.
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It's funny how similar it is to my drawing when you cut some sideways. There is still hope here but I'm not interested right now.
評論:
Because BTC and ETH is making a textbook bear flag right now. ETH has already lost uptrend. BTC almost.
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This is the lesson. A small narrow range turns into a redistribution. It was bearish in the bigger picture.
評論:
Although right now it's coiling up kinda nice.
評論:
EGLD's trend is more healthy than most coins imo. Came back into the range. Now it needs to hold. I'm actually considering a hedge long here for my shorts but let's see.
評論:
But you can also argue the parabolic trend is broken and that's dangerous.