Time To Get Back Into The SWING of Things!


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Pump It!

  • 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!

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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!



Comments 6


Happy Green Day indeed! Nice to see the market rising a bit here.

14.01.2020 19:33
1

People keep asking me why I’m in such a good mood haha! Let’s hope the next few weeks confirm this bull market!

14.01.2020 20:17
0

Haha, just smile and wave. 👋🏽😄
We shall see! Lot of resistance between $10,500-$11,500.

14.01.2020 20:21
0

Very good charts!! Hope it’s going higher!

14.01.2020 20:40
0

Steem at 14 cents again! :D #SignsOfLife

14.01.2020 20:44
1