SDC breakout + hype event 17th march
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We all know how important is hype in crypto. Not even bitcoin is out of danger from hype (see etf hype currently ongoing).
And SadowCash has and allegedly important announcement the 17th of march (see this).
Whatever it is, there will be hype prior annoucement. Probably hype train already ongoing.
This announcement could potentially be the open beta of their decentralized market built on top of their blockchain.
Basically this market is an ebay built on their blockchain and using sdcbtc private currency as their internal currency. Maybe a darknet market is a better comparison. But with the improvement of no counterparty risks nor fees (you dont have to trust the webmasters runing with your funds nor paying them a fee).
Technically we also have a cool setup with a huge triangle from ATH breaking out and daily macd turning bullish.
I expect huge buying pressure till the 17th and i will probably sell everything or most of it before the announcement.
My targets are 0.0021 and 0.0028.
Probably an easy trade. SL if we close two dailys inside the triangle.
No margin.
Check in related ideas a cool analysis both of fundamentals and technichals of an other trade, that triggered my interest in SDCBTC.
And SadowCash has and allegedly important announcement the 17th of march (see this).
Whatever it is, there will be hype prior annoucement. Probably hype train already ongoing.
This announcement could potentially be the open beta of their decentralized market built on top of their blockchain.
Basically this market is an ebay built on their blockchain and using sdcbtc private currency as their internal currency. Maybe a darknet market is a better comparison. But with the improvement of no counterparty risks nor fees (you dont have to trust the webmasters runing with your funds nor paying them a fee).
Technically we also have a cool setup with a huge triangle from ATH breaking out and daily macd turning bullish.
I expect huge buying pressure till the 17th and i will probably sell everything or most of it before the announcement.
My targets are 0.0021 and 0.0028.
Probably an easy trade. SL if we close two dailys inside the triangle.
No margin.
Check in related ideas a cool analysis both of fundamentals and technichals of an other trade, that triggered my interest in SDCBTC.
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if you are not in this tried i would try to buy 0.0016 and 0.00148Note
if you are not in this TRADE** i would try to buy 0.0016 and 0.00148.Damn what a mistake.
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It seems we are going to have our first close inside the triangle today. Though it is soon to know it.Be ready to react before a strong rejection. Remember that A LOT of breakouts fail, we need to be ready to close the position.
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After etf hype-fud it seems sdc is back on track.One week till friday announcement.
I hope we have time to load up on hype.
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Weekly about to confirm a nice breakout
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Target 1 reached, 40% position closed. 16% net profit pocketed.
Lookinf forward for next target. Will close 50% of position there, leaving the remaining 10% to be closed just prior the announcement.
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Target 2 reached, 40% position closed. 34.6% net profit pocketed.
So far, 50% of net profit got in this trade, and 20% of it still ongoing looking for a bull madness.
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We pulled back to 0.002. Even it was not planned, i felt tempted and just reloaded a 10% in this dip at 0.0023...Note
Closed the 10% i bought in the dip 8h ago for 0.0028.That means an other 2.2% net profit added. So far, 36.8% net profit pocketed and still 10% of my position ongoing looking for a bull madness prior the announcement.
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I can feel the hype. Bull madness is about to come :DNote
Oh i've seen a lot of mistakes in the comments lol.Net profit so far is 52.8% (16% from 0.0015 to 0.0021 for 40% of position, 34.6% from 0.0015 to 0.0028 with 40% of position, then 2.2% profit from that unplanned reload of 10% of my original position), and i still have 20% of my position ongoing.
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sold 10% (half of the remaining position) for 0.0045.That is a 20% extra net profit.
So far, 72.8% net profit (162.8% ROI) and still ongoing 10% of my original position.
Trade fermée manuellement
As i am rebalancing my account and i don't expect much more movement in this market, i'm closing my remaining position here. Closing price 0.0037.
This means a 14.6% net profit.
Total net profit of this trade is 87.4%.
Note
As expected, "by the rumour, sell the news" rule was followed strictly. That's why i knew i should sell prior the news. My honest opinion? They just kinda scammed sdc holders. I hope they can pursue their goals and make a competitive platform, so all sdc holders get appropiately rewarded.
This was a great trade anyways. We sold 0.0028 in average taking small risks. If anyone used my buy points, that were filled two days after idea was made public, and used my sell points, must have done nice profits.
We could have pocketed much bigger profits, but every profit is a profit.
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