S.O.T MAY Chart Off Week 2 MANA/BTC

Updated

Mana is accumulating along an hourly uptrend while hovering above a daily hold level and moving towards a daily downtrend.The hold level is also supported by a monthly level 3 sats below.

Buy - 847
Target 1 - 865
Target 2 - 888
Target 3 - 897
Target 4 -917
Stop Loss - 837

** Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
Hourly - Blue

Note

Clicked the Wrong template on the uptrend. It is actually a 4 hour. See Below.

Note

Sold at 865 (2% Profit)
Going to look to rebuy in on the local 1 hour uptrend forming

Note

Bought back in 850

Note

Mana dropped as BTC had a flash drop in price.
It touched the daily hold level and recovered to my buy in.
I have removed the local hourly uptrend and adjusted the 4 hour uptrend.

Note

Edit. As the quick drop was from BTC flash drop I have left the hourly uptrend in.

Note

Got stopped out over night.
Will wait for a good time for re-entry if possible

Note

Mana is now accumulating along a weekly swing low level from Jan 18.
I will monitor it to see if it can break the local hourly down trend.
If so then it will need to attack the 4 hour downtrend.
It will need to then backtest the daily hold level that was being respected before the big drop

Note

Nice accumulation on the weekly level.
Re-bought at 808

Note

Buy - 808
Target 1 - 838
Target 2 - 845
Target 3 - 865
Stop Loss - 795

Note

Hourly Downtrend broken through.
Hourly uptrend starting to form.

Note

4 Hour Downtrend broken.
Going to wait for candle close above for confirmation.

Note

Closed above the 4 hour downtrend on the 1hr and 4hr timeframe

Trade closed: stop reached

Stopped out over night.
Volatility of BTC and having no time to manage the trade wan't a good combo this week.
Buy - 847
Sell - 865 (2%)
Rebuy - 850
Sell - 837 (-1.5%)
Rebuy - 808
Sell - 795 (-2%)
Total loss - 1.5%

Note

Breaking the same 4 hour down trend again.

Note

Starting to make some upward movement.
Looks like it may back attack the daily hold level that it broke before the big drop.

Trade active

Mana has created an hourly uptrend.
It is respecting it fairly well.
Going to go back in to see if it can attack the 795 Daily hold level.
Buy - 726
Target - 794
Stop - 719

Note

Local Hourly downtrend formed. Price getting squeezed between it and the uptrend.

Note

closed above trend

Trade closed manually

Exited at 738
Btc is starting a big move again and I don’t want to chance another flash drop.

Note

Total profit - 0.6%
847-865 2.1%
850-837 -1.5%
808-795 -1.6%
726-738 1.6

OisnGribben

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