Hello fellow traders. So many coins to update, but how can I forget the elusive ONT. It is long overdue for an update, and although I had missed trade after missed trade, my money management game is tight. And so....Here we are ;-)
Before I do some quick analysis, I'd like to point out some misses. Far too often, these "pro" traders on TV do not emphasize the importance of misses, stops, or just being flat-out wrong in their proposed counts. For those looking to amplify their TA skills, these are absolutely critical and invaluable. That is how I learned, so I share the wealth ;-).
I was front-runned at the 50, which you can see labeled on my chart, and thus, only was able to catch a portion of the swing. Then I was stopped, and stopped again. As I waited for what I have as my proposed 4 to be in, I bit--hook, line, and sinker. I still believe we have another kick from ONT--regardless of BTC movement. I have already taken a partial but my final will be at or near a double top, due to how I feel, the misses, and plainly I have my capital tied up elsewhere.
The lines drawn are not exact, just a general direction of how I see the market moving and where I will be out. If it runs up, so be it. Good for those who stayed. If it starts to drop, profit is realized, and I will be looking for the next entry. Stopped out. Yes, I said it ;-)
ONT is one of my favs, and I will do my best to provide my insight and TA to share with all. Be safe everyone. And please follow these for your education only.
Before I do some quick analysis, I'd like to point out some misses. Far too often, these "pro" traders on TV do not emphasize the importance of misses, stops, or just being flat-out wrong in their proposed counts. For those looking to amplify their TA skills, these are absolutely critical and invaluable. That is how I learned, so I share the wealth ;-).
I was front-runned at the 50, which you can see labeled on my chart, and thus, only was able to catch a portion of the swing. Then I was stopped, and stopped again. As I waited for what I have as my proposed 4 to be in, I bit--hook, line, and sinker. I still believe we have another kick from ONT--regardless of BTC movement. I have already taken a partial but my final will be at or near a double top, due to how I feel, the misses, and plainly I have my capital tied up elsewhere.
The lines drawn are not exact, just a general direction of how I see the market moving and where I will be out. If it runs up, so be it. Good for those who stayed. If it starts to drop, profit is realized, and I will be looking for the next entry. Stopped out. Yes, I said it ;-)
ONT is one of my favs, and I will do my best to provide my insight and TA to share with all. Be safe everyone. And please follow these for your education only.
Note
Here's what I'm after...Note
ONT just push it...;-)Note
Profits taken earlier. Will be looking for the add. Good trade everyone ;-)Note
No add for me just yet. Let it run and only trade when you see the ideal setup you are looking for ;-)Note
Added last night. Stopped moved to break. Risk free. Good trade everyone...
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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.