PTOY: moving sideways, worthwhile investment
This week has been an absolute rollercoaster. I hope you held on tight!
Let's revisit PTOY; if you keep up with my twitter (@Bitcoin_Bryson), you'll know this has been one of my biggest positions for a long time. Got stopped out when setting my stop losses too soon at 11k and hated myself for it. That volume was incredible.
I expect sideways movement from PTOY between the two levels marked. Well, if it is going to move sideways, that is. We may have a drop below that, which would honestly be great for price action: Would form a nice double bottom to see it rocket back up to 15k and beyond. I even doubt that, this sucker has enough fuel to skip that step. With all the good news and conferences ahead for PTOY, I can't see it returning back to the 9.2k level it loved to hover at. It only did that today because of crypto systematic risk, and even then it showed stronger growth than BTC during primetime. Incredible.
I won't be trading this one anymore, but if you do want to, it's forming a nice impulse wave. I think that timing is fairly accurate, too. Rumors will start flooding in pre-conferences (Chicago and Nashville), people will sell the news when the conferences occur, and then we'll have an idea of the future, which looks incredibly bright for PTOY.
Let's revisit PTOY; if you keep up with my twitter (@Bitcoin_Bryson), you'll know this has been one of my biggest positions for a long time. Got stopped out when setting my stop losses too soon at 11k and hated myself for it. That volume was incredible.
I expect sideways movement from PTOY between the two levels marked. Well, if it is going to move sideways, that is. We may have a drop below that, which would honestly be great for price action: Would form a nice double bottom to see it rocket back up to 15k and beyond. I even doubt that, this sucker has enough fuel to skip that step. With all the good news and conferences ahead for PTOY, I can't see it returning back to the 9.2k level it loved to hover at. It only did that today because of crypto systematic risk, and even then it showed stronger growth than BTC during primetime. Incredible.
I won't be trading this one anymore, but if you do want to, it's forming a nice impulse wave. I think that timing is fairly accurate, too. Rumors will start flooding in pre-conferences (Chicago and Nashville), people will sell the news when the conferences occur, and then we'll have an idea of the future, which looks incredibly bright for PTOY.
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