Since this correction, my POWR portfolio has taken a punch. They say don't trade corrections, but if you're in you're in. Out the market or in the market. With that said, my POWR position has been slightly more aggressive due to the riskiness I see in its chart. Initially I had a leading diagonal, followed by an ending diagonal (indecision, very wavy). You can also clearly see that POWR Ledger is still inclining. And that's going way back, to November 2017--before the correction. Assuming POWR trades technically, risk/reward doesn't even need putting on the chart.
Hence my Long position and slight aggression ;-)
--longmoney
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We've been here before
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Just a quick update on POWR. Watching how all this plays out. White horizontal line has no significance. Just wanting to see how POWR handles this slight push. I am not expecting much since we didn't see any volume during those slightly extended candles. My primary count, am favoring some more short term pullback and currently am looking for a more ideal position to add to my position.
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Update
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Save some cash and wait for ideal entry. The bears are slick
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Seems BTC and ETH have all the attention right now
I'm planing to buy in 0.00006 BTC , It's possible or not before it jump again?
longmoney
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@killpitak, 7800 has plenty of support to get through. But the pressure is there, and if it breaks 6000 could likely hit. Remember this is crypto, and sentiment changes on a dime. Even if you don't get your ideal buy (which looks very much possible) there will definitely be resistance and pullbacks on the way up ;-)