ATOM has had an enormous recovery surge currently 36% to take price to higher high.
This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.
However bearish divergence suggests there may be a correction coming first.
ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.
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Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.
Not advice
评论
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ATOM taking off here, this could go far I think if BTC drifts up.
Yipper Bought my Sshort put on this nice run. Ill be watching it because I like this company. Made me some good trading. 8) Good call!
dRends35
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@Mrfixit321, Thanks but be aware I'm expecting a very severe drop in price maybe 90% so this is a risky trade.
PorkChopPenny
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@Mrfixit321, let me be clear. I bought to close. ;) Sorry if you thought I was opening. I have been on this ride from the beginning.
dRends35
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@Mrfixit321, Ok - I think the back patting thread is on reddit, but feel free if you want to contribute to "look right speculation" in the form of charting. Thats what this thread is about really.