As the pattern developed it's clear we're in the falling wedge (bullish) bull flag (bullish).
When this breaks upward it's going to be a monster. Expect a gain equal to the flag pole.
Normally, at Target 1, I take profit and reduce my exposure by 50%. Then I adjust my stop to breakeven. At Target 2, I take profit again and reduce my remaining 50% by 50% (in other words 25% of original).
For this trade, however, I'll only be taking 25% out at each target, and I'll be leaving some in for the likely price run up between now and the 28th when those holding NXT coins in a wallet will be air dropped .5 Ignis coins per NXT coin
*This is an update of a previous analysis.
When this breaks upward it's going to be a monster. Expect a gain equal to the flag pole.
Normally, at Target 1, I take profit and reduce my exposure by 50%. Then I adjust my stop to breakeven. At Target 2, I take profit again and reduce my remaining 50% by 50% (in other words 25% of original).
For this trade, however, I'll only be taking 25% out at each target, and I'll be leaving some in for the likely price run up between now and the 28th when those holding NXT coins in a wallet will be air dropped .5 Ignis coins per NXT coin
*This is an update of a previous analysis.
Comment:
Currently testing the top of the Bull Flag - if we break the resistance, I have my pending order set.
Trade active:
In at .42
Already up an additional 6%
Morning has broken, like the first morning
www.youtube.com/watch?v=e0TInLOJ...
Already up an additional 6%
Morning has broken, like the first morning
www.youtube.com/watch?v=e0TInLOJ...
Comment:
First Target reached with a bullet. 19% gain in just about an hour.
Comment:
Trade within a trade. If you're looking to get in late or reinvest your take-profit. It looks like we might be about to break the top of a smaller symmetrical triangle bull flag.
Keep in mind this is the 5-minute chart, so plan accordingly and keep a close eye and a firm stop.
Keep in mind this is the 5-minute chart, so plan accordingly and keep a close eye and a firm stop.
Comment:
If you went in for the trade within a trade, we got up to .594, which is pretty darn close to our target. If you were up and watching this morning like I was, or had a slightly lower play-it-safe target, you made another whopping 19%.
The recap of the trade so far:
At .495 I sold 25% of my original order for a 19% profit.
Another bull flag formed, and I entered again when the price broke upward.
Made another 19% and sold at 59.
75% of my initial trade is in NXT. My stop loss has been adjusted to .45
My next target is on a slope that increases over time. If the uptrend resumes today the target will be somewhere in the .67-.69 range. If tomorrow it will be around our final target for this trade .75
The recap of the trade so far:
At .495 I sold 25% of my original order for a 19% profit.
Another bull flag formed, and I entered again when the price broke upward.
Made another 19% and sold at 59.
75% of my initial trade is in NXT. My stop loss has been adjusted to .45
My next target is on a slope that increases over time. If the uptrend resumes today the target will be somewhere in the .67-.69 range. If tomorrow it will be around our final target for this trade .75
Comment:
