Does this brighten your day? ONTBTC

2018年6月24日

Hello guys.

The massive sell off with ONT happen. What a big run ONT had, so I am sure a correction is healthy.

Anyhow, looking at the chart. The sell-off formed a beak of a drawn in bird that looks like its about to take off a lake or something..

Keep an eye on ONT here for a swing if BTC bounces of 5800.
Peace

2018年6月24日

註釋

I understand this is a silly chart... But it brings to point a good technique in crypto trading....

When BTC runs down to its next support, we have all seen several times that it has a bounce back to previous support/resistance. For this case, namely, 5800 --> 6200...

What happens after 6200 is risky, since many think this is not yet the bottom. I see BTC going back down to sub 5k before we finally have a bullish bounce.

Anyhow, point is... I saw ONT was very oversold in this BTC rundown. I managed to pick up ONT when BTC had bounced off 5800.

ONT is a decent project, and I sold my swing position just now--- not saying that this is the end of ONT recovery. But in a (bearish) crypto market-- these are the plays you must make to be profitable. As always, hold a tight stop loss.