Waiting for pattern to complete or $4.62 to enter long
Trade Entry
All bearish options entries are poor risk/reward. $140 risk for $30 reward.
I would prefer waiting until bottom to buy shares or long calls.
The other alternative is to short CRON.
Break of current bearish banana pattern to bullish is low probability IMO here. Curve of pattern is midway.
Will re-post if entry presents.
Chart Details
Price running inside the current banana/shoe pattern.
Very small gap fill at yellow dash line.
Price alert set at $5 to prepare for entry at end of pattern.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
Trade Entry
All bearish options entries are poor risk/reward. $140 risk for $30 reward.
I would prefer waiting until bottom to buy shares or long calls.
The other alternative is to short CRON.
Break of current bearish banana pattern to bullish is low probability IMO here. Curve of pattern is midway.
Will re-post if entry presents.
Chart Details
Price running inside the current banana/shoe pattern.
Very small gap fill at yellow dash line.
Price alert set at $5 to prepare for entry at end of pattern.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish