- Everyone and there grandmas were calling for an eminent breakout to either the upside or downside yesterday, so I decided to keep my eyes on the charts while I was studying how clean and shape a root canal. (It's as painful as it sounds)
Turns out I remembered a few things from my Youtube obsession with crypto channels because I noticed a bull flag forming on the hourly for BTC.
Considering the fact that I didn't have a lot to trade with, I decided to check out the ETH chart, and low and behold, a similar bull flag was forming.
Remember Your Training Young Skywalker
Well just like Skywalker, I used the force, (previous resistance) to set my limit buy order around 144 and decided to risk getting my hand cut off for glory (didn't set a stop loss). I'll definitely end up getting burned in the future with this mindset, but i've been meaning to buy some ETH anyway and wouldn't be too hurt if I had to hold on to it for a while!
Well I went back to training and about an hour later...Boom!
I decided to sell before I went to bed because recognizing a few patterns and taking some profit at the 0.5-0.618 Fib Retracement is about all I'm good for.
Sort of wish I didn't sell because ETH hit above 164 earlier today, which would've been a great come up, but we all have to have some level of risk management.
And plus, greed isn't the way of the force :)
Happy green day, and hooray for Steem above 0.14!