DECRED DESCENDING WEDGE SHORT IDEA.

5 mar 2020

I love this project and hold as a hedge to Bitcoin but can't help but feel that we're going to break down versus Bitcoin soon.

Descending wedge type pattern playing out.

Let's see.

Let me know what you think.

5 mar 2020

Nota

Just to add, i think we will reject from the 200 daily MA again and this will trigger the sell. Targetting lows around 158,000 sats or thereabouts.

23 mar 2020

Nota

Spike back up, rejected from the 200 MA. Let's see if she will continue to target now. There i will be a buyer again.

4 apr 2020

Nota

This is still a valid trade and can easily hit target.

Been a while in the making bit patience is paying off.

Time to buy soon.

11 apr 2020

Nota

Still valid but there is an argument that a base is being built here and a reversal is on the cards.

23 apr 2020

Nota

Almost there! Target now in sight!

29 apr 2020

Trade chiuso: obiettivo raggiunto

Target reached almost 2 months later!! Time for me to look for longs i think. Thank you and goodnight