ADX - BTC - Short/Mid Buy Point
I have a love-hate relationship with AdEx, ADXBTC ADXUSD. I was a long term investor with Mid-Short Term trading in between where I thought I could see some of those long/mid term channels forming. That all changed when ADX went from ~$1.15 to friggin $3.00.
I am optimistic we will have some more reasonable buy opportunities around ~$1.90 - 2.00.
I am targeting 0.000108 - 0.000115 as my next buy in. We could see another example of a very undervalued coin making a continued run up to ~$5.00+. I do certainly think that we are in the position to see a come down to the price points I mentioned above. Don't be fooled by a short bounce at 0.000165 ADXBTC. This is still slightly above 1 standard deviation greater than the 14-day MA, yet, it is the upper support line of the longer term growth channel (red channel).
I do think we should see a retracement/price reduction back into the red channel and ADX tends to see large drop offs in value when trend lines appear to be permanently passed (i.e. strong supports pointing toward upward growth, but soon to be overshadowed by a rise in BTC price). As BTC approaches $17,500, we should see many Altcoins move back into normal growth patterns with a great upside after the next BTC settling period (above $17,500); however, as I mentioned, those prices should see a large undercut during the BTC run up.
My buy points are as follows:
(1) 0.000115 -- 40% of investment
(2) 0.0001050 -- 60% of investment
--Stop Loss = 0.00009975 (sell off 100% of investment)
Re-buy (3) 0.00009450 -- 200% initial investment amount.
If we see an even larger BTC run up (BTCUSD > $20,000) and ADXBTC < 0.00008450, I will buy with 200% of my re-buy amount--effectively tripling my re-buy investment (#3) or sextupling my original investment (#1 & #2).
As always, be safe and smart with your investments, use stop losses, and stick to your investment strategy! Evaluate Risk vs. Reward carefully, and don't treat a trend line like it's "the law"!
Cheers,
-Jordan
I am optimistic we will have some more reasonable buy opportunities around ~$1.90 - 2.00.
I am targeting 0.000108 - 0.000115 as my next buy in. We could see another example of a very undervalued coin making a continued run up to ~$5.00+. I do certainly think that we are in the position to see a come down to the price points I mentioned above. Don't be fooled by a short bounce at 0.000165 ADXBTC. This is still slightly above 1 standard deviation greater than the 14-day MA, yet, it is the upper support line of the longer term growth channel (red channel).
I do think we should see a retracement/price reduction back into the red channel and ADX tends to see large drop offs in value when trend lines appear to be permanently passed (i.e. strong supports pointing toward upward growth, but soon to be overshadowed by a rise in BTC price). As BTC approaches $17,500, we should see many Altcoins move back into normal growth patterns with a great upside after the next BTC settling period (above $17,500); however, as I mentioned, those prices should see a large undercut during the BTC run up.
My buy points are as follows:
(1) 0.000115 -- 40% of investment
(2) 0.0001050 -- 60% of investment
--Stop Loss = 0.00009975 (sell off 100% of investment)
Re-buy (3) 0.00009450 -- 200% initial investment amount.
If we see an even larger BTC run up (BTCUSD > $20,000) and ADXBTC < 0.00008450, I will buy with 200% of my re-buy amount--effectively tripling my re-buy investment (#3) or sextupling my original investment (#1 & #2).
As always, be safe and smart with your investments, use stop losses, and stick to your investment strategy! Evaluate Risk vs. Reward carefully, and don't treat a trend line like it's "the law"!
Cheers,
-Jordan
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