My mistakes and what I learnt for POWR.

Do my TA properly and realized i should not have been blinded by faith. Let the math speak and move one.
I lost.
But I will improve.

Buy: .00005707- .00006367

Sell:
1st target: .00007 (.786)
2nd target: .00008 (.618)
3rd target: .00010598 (.236)
4th target: .00012157 (above wave 3)

Stop: .00005172 (wave 1)

Approach used:
1. people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png
2. Fib retracement
3. Followed Elliot wave principle strictly
4. Elliot Five wave pattern

Note

I'll admit. My prev analysis was blinded by hope. I apologise

Note

There's a reason why I include stops:
1. Minimise loss as TA was not able to identify correct trend

2. Give you potential to increase what you have
Quick math:
10000 POWR Sold at .00006BTC/POWR = .6BTC

Buy at current price with .6BTC
.000052POWR/BTC bought with .6BTC = 11538POWR

1. Increase your tokens in the company by almost 15% .
2. Increase pool of people in the company which would hold for the long term.

Trade closed: stop reached

Reach stop.

Few considerations:
- Current public sentiment towards team is not positive
- Sat prices

Trade active

wave came later than expected

Trade closed: target reached

1st target reached. Will update TA

ethan_ng

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ethan_ng