Yes, I caught it too, and I'm watching closely. Check out my latest idea post. I'm watching this on the 15-minute candles to see if we continue with higher lows, and thus far it is. If it violates the 15-minute candle trend line support, it's going to bomb big time. But if it keeps with this short trend line, we could ride up to $190 or more. I would love to see $200+, but I don't know if I have the nerve to hang on beyond $190. I'll have to really watch it. I'm selling at the end of this current uptick, and consolidating once it finishes the next slide. I think we have one more nosedive before the final launch to outer space!
Jomy
⋅
@carltonzone, It's on the verge of self-destruct. Getting ready jump in the escape pod. Not there yet, but oh so close. :-[
Jomy
⋅
RIP trade. cut that loss quick.
carltonzone
⋅
@Jomy, This is super scary. I'm losing confidence. Makes me wish I would have cut it loose at $169. I have bought and sold around $150 several times this week, with LTC faking me out. I'm sick of getting fooled. If it plunges now, I'm turning this chart off for a month and not coming back until the bull market. This is the most unpredictable time for all of the cryptos. You can't make a firm decision based on the techs while we're doing this sideways trending. I'm stuck in indecision.
Jomy
⋅
@carltonzone, it gets demoralizing, I know. Just a friendly reminder not revenge trade immediately after a loss. Eventually it's going to bounce off of something, and stay up. If you haven't bailed yet, good luck, it looks like it might hold the line now.
carltonzone
⋅
@Jomy, Yeah, that never helps the situation. I bought in at $285, $249, and $237. Then I bailed at $170 and re-joined the party in the $130's and regained a bit. Did a few trades last week trying to bail before the nose dive, but it kept floating back up. I'm tired of it. If it bombs now I'll just let it ride. I have about 15 coins. I'd love to strengthen my position by bailing before the nosedive, but it's just to risky at this point. I don't want to bail and miss the real run. Takes too much time to watch it that closely. I regret buying in the bear market, but it was a great learning experience. I've since made a few trades buying and selling around the 21-day EMA line, making a little money. So this has taught me how to make gains during a bear market. Next bear market I will know. But once we hit the bull market, that's where I excel. I can read the Elliott Waves a lot easier during a bull market.
carltonzone
⋅
@Jomy, and for the record, this is the craziest crap I've ever seen. Nothing about this chart is making sense now! What is the deal??? A rapid run to 152.8 right before my eyes? LOL
carltonzone
⋅
@Jomy, I just drew a line at $142. If it breaks that line, I'm out. $137 is the next absolute indication that it's going to bomb. And I mean hard.
UnknownUnicorn1698989
⋅
I am hoping that TNTsunrise is right...I would like to really adding to my position. Hoping for a fib retracement to 130 range then up to 250...sitting in cash since last night getting out at 166.1 riding it up from 138.
Jomy
⋅
Maybe it wants a 2nd test? I got in low, so I'll give it a moment. I'll be cutting my losses quick if it starts to plunge.