Komodo / BitcoinUpdated Lot of work need to be done to remain bullish
Strong resistance zone at 13500 -14000 sats. Daily 25 EMA is at 13500 sats.
Daily RSI bullish, Volume is good even after sell off which shows buying interest. I will consider buying if it breaks above the levels mentioned.
Daily RSI bullish, Volume is good even after sell off which shows buying interest. I will consider buying if it breaks above the levels mentioned.
Trade active
Came to know that the recent fundamentals of KMD are leading its pump. Antara framework launch and rebranding on July 15th. I have taken a position at 13k sats. A dump can happen on July 14 th or 15th. Targets to look out for are 16K and 17K.Trade active
Higher lows into 14k sats resistance level in the 1 hour chart. Waiting for a break out.Trade active
I didn't place a stop-loss for this trade. It had a breakdown even after making higher lows into 14k level resistance. But it found support above 12k which makes me think it will retest the 14 k again. The reason why I didn't put stoploss for this trade is because it had a strong upmove from 10.26k sats level into the 14k resistance with anchored volume. This is my experiment with stoploss where the makret has good technicals but has a lot of volatilityTrade active
My patience has been paid off. This market is currently re-testing 14k resistance with higher volume. If it breaks out the targets 16k and 17k will be met easily. But today is July 15th, we have to see if there will be dump or not as soon the targets are reached.Trade active
The price now is way below my entry level. 13.5k -14k resistance zone is acting like a brick wall. I had put only 5% of my capital on this trade, so I'm not nervous. The dump which I spoke about came in but couldn't push the price significantly lower. This market has tested this resistance twice which means it is trying to break above so desperately. If that happens it will take it directly to 22.4k sats level. As said earlier, this is an experiment to learn how a market behaves. I an risking 5% of my capital to learn breakouts.Trade active
Am still waiting for a breakout.Trade active
Don't know how I picked up that title. But this market is seriously working hard to be bullish. A third failed power move to break resistance.Trade active
After learning elliot wave theory analysis, I am feeling confident with my trades. Here is elliot wave analysis for this marketNote
I forgot to update that on July 15th dump didn't happen.Trade active
This is if we have an extended wave 3Trade active
This experiment is not successful. This trade is currently providing me a case study of many things including the Elliot wave theory applicability. As the theory applies mostly to liquid stocks, this illiquid KMD provides some data on how it plays out. I already have a drawdown of 12% on this trade. Will cut this loser when I get the data.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.