HOT/BTC Take 2!! A Safer Entry, Stronger Profits
Mis à jour
Well, everyone makes mistakes. The last chart I did for HOT HoloChain, I used the Bitfinex chart. Little did I know, there is a coin on Bitfinex that uses "HOT" as its ticker. Long story short, I used the wrong chart. I was pretty proud of that setup, too. Oh well, life goes on....
And here we have the CORRECT chart for HoloChain.
I am glad I switched charts, because my original entry at 17 satoshis now seems a bit more speculative in nature. I mean sure, HOT could always rise higher. But no, this doesn't look very safe to me anymore, and would require more research into potential upcoming news. I would wait to enter until we reach 13 and 12 satoshis, at which point I could see price reaching back up to 18 satoshis for a sweet 50% gain. We shall see...
However, I am already in this trade, so I will keep my original stop loss, which is a close below 16, and see if we can get a nice little symmetrical triangle, with a profit target of about 19 satoshis. Once there, I will exit 50% of my position and post an update. If the setup looks right, I'll keep the trade active. Otherwise, I am closing it.
Stay tuned for an analysis of TRX Tron, a coin which I think is more bullish at the moment.
Thank you all for pointing out that I had the wrong chart!!
Good luck :)
And here we have the CORRECT chart for HoloChain.
I am glad I switched charts, because my original entry at 17 satoshis now seems a bit more speculative in nature. I mean sure, HOT could always rise higher. But no, this doesn't look very safe to me anymore, and would require more research into potential upcoming news. I would wait to enter until we reach 13 and 12 satoshis, at which point I could see price reaching back up to 18 satoshis for a sweet 50% gain. We shall see...
However, I am already in this trade, so I will keep my original stop loss, which is a close below 16, and see if we can get a nice little symmetrical triangle, with a profit target of about 19 satoshis. Once there, I will exit 50% of my position and post an update. If the setup looks right, I'll keep the trade active. Otherwise, I am closing it.
Stay tuned for an analysis of TRX Tron, a coin which I think is more bullish at the moment.
Thank you all for pointing out that I had the wrong chart!!
Good luck :)
Note
Price is still ranging... It's going to take a lot of push/pull to bring about a swift move in either direction. For now, bots are going to continue scalping in-range. Don't get caught up in the distractions. Set your orders, and keep in touch with the rest of the market!!Note
Price has been touching on 14 sats. I am glad I posted this remade chart. First target still stands, but we have not seen anything to confirm an uptrend yet. Still waiting for a proper entry. Don't really care if I "miss" it, I would rather only take the trades that are high probability to me.Note
Might see some movement here soonNote
There she is!! Sorry to all who waited for my target zone, it never reached that point. But I did warn yall about the movement :)
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