EMC2/BTC Ready for a bullish break out on the day after above par performance and volatility flirting with extreme highs/lows. EMC2 showing strong support at 10,000 SATs and weak resistance at 11,500 SATs. A sustained bullish breakout is to be expected. strong buy points at 10,500 SATs as of 2:07AM eastern time and in time for the daytrade session.
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Momentum continues to test weak resistance at 11,500 SATs, bullish trend expected to continue, no strong but points detected as of 2:50AM eastern time.
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Resistance continues to hold at 11,500 SATs, strong sell points detected at 11,160 SATs. Trend reversal is to be expected as of 3:24AM eastern time.
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Trend reversal detected, strong buy points detected at 10,500 SATs. New strong support remains at 10,200 SATs as of 4:00AM eastern time. weak resistance at 11,000 SATs.
Closed the trade? Don't think it has more room to run?
legionnaireholdings
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@MS3IV, Momentum showed signs of slowing. and a bearish trend reversal threatened my position. it is safer to cut gains conservatively and frequently in order to protect gains.
MS3IV
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@legionnaireholdings, respectable decision. Looking forward to further updates or new posts regarding this idea. Congratulations