ADA Long Opportunity 4/1/17

Ada is presenting a long opportunity. This interests me because you can play it on bitmex with leverage. I recommend you play with 5x or 10x if your feeling dangerous and can keep an eye on it. Look to get an entry close to 2200 as you can, lower if possible, providing you don't see it changing direction. It looks good on higher timeframes, 4hrs has had a Golden cross and 6 hour is looking likely. I see it making at least 10% gains. X that by 5 or 10 and you see it could be a nice trade.

Higher timeframe shot. It does not look like a new cycle, we are still in a bear market but a nice wave is possible.

If you are not on bitmex yet what the hell are you at??
bitmex.com/register/FGkrGW

Note

Just incase it is not crystal clear. The above link is my referral link for Bitmex. I am currently playing this.
Entry 2284 - target as above. I will stop out if I see it turn. So far so good.

Note

If you have played this on Bitmex. Its probably safe to move your stoploss. The 240 area seems safe, is under the 200 day moving average. Each one will act as resistance. I jumped the gun on this and bought a little too soon at 2280, if you got in at 2200 or around there, this is looking good.

On the exchanges it looks a little different. It might comeback to the 2100 (0.5 fib level).

Still looks good on higher timeframes.

Note

Closed this for now with nice profit. Might look to get back in tomorrow on a retrace.

If you are playing on the exchanges (not Bitmex) look for it to meet resistance here. Move SL above break even, to around, just under 2200.

Will update if I enter again.

sykes

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sykes