ADA/BTC (Cardano) Opportunity for a quick 20% scalp

May 28, 2019

This is my first published TA. I am very much a noob but I seem to be picking this up quick enough. My first couple of trades were successful and profitable so I decided to publish my third one for you guys. My strategy is to find quick and relatively risk free scalps and get in/get out as fast as possible.

I am very much open to constructive criticism and/or feedback and would very much appreciate it!

As long as Bitcoin doesn't do anything crazy I'm expecting Cardano to run well, and soon. I got in from USDT so I can't post what my BTC entry was but I'm already in mild profit. I got in at $0.09131.

Buy zone - 1080 - 1100 Sats .

Target 1 - 1170 Sats .
Target 2 - 1240 Sats .
Target 3 - 1286 Sats .

Profit Potential - 19.11%.
Stop loss - 1005/1000 Sats .

Depending on how hard it pumps I may let it run and set staggered stop losses.

Follow me on Twitter @SirSaltyThe1st.

Good luck!

May 29, 2019

Note

Cardano very much wants to break out of this pattern. I have no idea what the pattern is as I'm a complete noob but I can see it on the chart! I expect once it gets to the buy zone it will move very quickly!

I'm probably going to play it safe and sell at 1170 sats to nab a healthy 12ish% for myself. I'm trying to keep my risk as low as possible and make daily profitable trades of around 5-20%.

May 29, 2019

Note

Final Target 1214 sats for best Risk/Reward

May 30, 2019

Note

As we can see on the 1H chart ADA seems to be respecting my imaginary lines quite well. I think it will hit 1214+ sats quite easily.

I'll be looking to sell around 1200 Sats then waiting for 1200 to be turned into support before thinking about reentering. At which point I'll be aiming for it to hit 1286-1300+ but selling for 1286.

If I do end up reentering on the above proposal and it is successful it will net me another 7.21% profit. I would have to gauge a stop loss closer to the time after seeing what the chart looks like.

I may not take the entry myself but I'll still likely chart it.

May 30, 2019

Note

I just exited and sold ADA for 1097 sats in order to get MMFT at 46 sats. Currently ADA is $0.09540 and I bought it for $0.09131 so that's not too shabby at all.

I will still be keeping an eye on Cardano for more trade opportunities in the near future. It is a very solid project fundamentally so I'm aiming to stack some of it for the long haul when I'm making enough profit to do so.

I will now be focusing primarily on MainFrame MFT. I rushed into the trade because I love the project and would kick myself if I missed a decent entry because people FOMO'd too quick.

I'm very much interested in MainFrame for the long term so I want to be stacking as much as I can over time and anything under 100 sats I would consider an okay buy long-term but sub 50 is a dream.

Anyone who decides to follow my trades please stick to the safest entries & exits on my charts. If you want to let things run then consider using the last target(s) as a staggered stop loss.

May 31, 2019

Note

Unfortunately Bitcoin dumped and we saw a similar massive dump on ADA and other alts. I'll wait until Bitcoin levels out before I continue pissing in the wind.

May 31, 2019

Note

As you can see above, if I were still in ADA I would have got stopped out and lost a bunch of capital. I'm going to need to keep BTC in mind a lot more going forward into the future.

There's no use having good TA that is only good up until the point BTC comes and takes a massive dump all over it.

Salty as hell right now!