Diesel
Early Adopter: Recognition for being an early adopter and trailblazer on Crypto Parrot
30 Trades: Successfully completed 30 trades
@diesel
Joined Sep 2018
Part of the ever growing Macro to Micro Coalition
More from Diesel
Textbook entrance for a long with a very good R/R.
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MrAwesome
so what is risk reward ratio in this case? I would be scared to touch 5x with XRP. easy to get burned...
25 Sep, 2018
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Diesel At this location you can use a 1-3% stop loss. The R/R is 6:1 using a 3% stop to get back to the 200 mean and would give you about 18.5%. If we were to hypothetically go on run again I would expect a 65% gain. It's okay to get stopped out at key points of interest as long as you have risk management in place.
25 Sep, 2018
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Looks like were in for a Daily cross on the CCI, which is very powerful. The price compression continues until the 200 containment zone is fully compressed. Starting off moderately, will add another short if we cannot hold the daily 50MA which is about 6,570. It's also not unreasonable to expect price to still hit close to 7k - hence why this 'short' is moderate.
tradingview.com
https://www.tradingview.com/x/rGXA1bP9/
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Consistent compression and has been continuously rejected by 4hr/5MA
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CryptoSlashy
Thanks for making my feed interesting :)
20 Sep, 2018
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CryptoSlashy Was definitely worth a follow.
20 Sep, 2018
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