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.
Komentarz:
No serious volume. That's a problem.
Komentarz:
Bigger range looks like a redistribution. That's the second problem.
Komentarz:
Consolidation below a very important level. It's definitely bearish on the bigger picture.
Komentarz:
Maybe this will be a correction move.
Komentarz:
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.
Komentarz:
I have a small position. 42.4 entry 41.5 stop 49.4 tp. I usually close manually but anyway :D
Komentarz:
Or a better stop is around 40.2. I moved it. Position is small anyway.
Komentarz:
Komentarz:
Moved my stop to 41.8
Komentarz:
Moved stop to 43.2
Komentarz:
Whole market looks ugly right now. I think.
Komentarz:
Not bad
Komentarz:
Lol this looks so ridiculous. Maybe this is the stop hunt of the week but it's better to be safe here.
Komentarz:
That's a bounce.
Komentarz:
This is just a better confirmation for me. For now at least. I'll try to long blue box with a tight stop.
Komentarz:
I took another small long from 42.1. My limit order wasn't hit so I had to market long.
Komentarz:
41.5 stop.
Komentarz:
Gain 44 and we are all good.
Komentarz:
This can also be part of a bigger accumulation range. I know very little about Elrond but I like to play with this chart.
Komentarz:
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.
Komentarz:
Lol pump minutes after closed. I market a longed a lil bit :D Ltf is fixed.
Komentarz:
Consolidation should've been above this. Maybe btc will fix this again but EGLD itself is not so bright rn.
Komentarz:
Key level.
Komentarz:
Hmm, what we are we doing here?
Komentarz:
Very interesting. I think we might be going.
Komentarz:
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.
Komentarz:
Oh wow we have Coinbase listing news. I didn't know it at all. It's crazy how the chart talks.
Komentarz:
Spot is leading. Not bad. Not bad at all.
Komentarz:
Breakout with two nice candles.
Komentarz:
Consolidation above all the previous closes in the range. That's what you wanna see.
Komentarz:
It doesn't really look healthy. All alts look bad.
Komentarz:
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.
Komentarz:
Because BTC and ETH is making a textbook bear flag right now. ETH has already lost uptrend. BTC almost.
Komentarz:
This is the lesson. A small narrow range turns into a redistribution. It was bearish in the bigger picture.
Komentarz:
Although right now it's coiling up kinda nice.
Komentarz:
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.
Komentarz:
But you can also argue the parabolic trend is broken and that's dangerous.