Long

Updated

MATIC/BTC Buy & Hold Idea (May 1st, 2020)

This project has fine fundamentals with an outstanding team, not to mention very strong volume. Just looking at basic TA I like that it's been going somewhat sideways for quite some time even with BTC's insane moves and I also like that the upside potential is so high. If it goes down to the green areas I could DCA more into it, however, I find the current entry more than acceptable.

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Alts just got a huge shock from BTC. A better entry here actually.

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Going well so far. Nothing really changing. The average entry is 181.

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Off to a great start here.

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Bloody time for alts but MATIC is holding strong here.

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Things are still okay here.

Trade active

MATIC surviving this BTC rip. Looking good still.

Trade active

More support levels here. Adjusted my entry just a tiny bit. Nothing changed much. Still running strong.

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Against the dollar, MATIC has reclaimed this yearly channel but we'll see how things go after halving.

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Average entry around 177 now but the idea remains. Original stop and S/R still in place.

Trade active

Smashed 200. Testing 200 MA.

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Beautiful.

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A strong close over MA200. Let's see how this plays out.

Trade active

This is still active. It's looking to reclaim key support here. Holding the position for now.

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Re-entered the channel from 2019. Let's give this more time and see how it plays out.

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Daily close above previous resistance.

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Fell back below resistance. Trying to get back up there.

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Still going.

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A monster move upwards here. Lovely.

Trade closed: target reached

Post-mainnet drop as-expected. Otherwise a beautiful trade.

philiparthurmoore

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philiparthurmoore