Coindash
My $1k to $100k Challenge: Day 53 - Trade #52 CDTHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Current streak of 8 out of 9 profitable trades in a row.
After 52 days and 50 completed trades:
Wins: 24
Loss: 26
Balance: 0.1686 B
USD: $ 1088
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 53 trade #52
I invested 0.08 B into CDT . I bought 44198 @ 181 satoshi
My Sell targets are:
T1: 191 5% potential profit
T2: 200 10% potential profit
T3: 209 15% potential profit
I will sell 50% at target 1. 25% at target 2 and 3.
If target 1 is hit, I will move my SL up to my buy in price.
If target 2 is hit, I will move my SL up to T1.
SL: 173
CDT had a nice breakout on Sept. 4th and a bull flag was forming on the hourly chart. Momentum was stopped with Bitcoins current price drop. The price looks to have bottomed out and I expect a nice recovery.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
CoinDash VS Bitcoin Getting The MomentumCoinDash has found th bottom at 400 satoshis and since then has established a clear uptrend while producing higher highs and higher lows. Price broke above the descending channel as well as 50 Moving Average. The 50 Moving Average now is acting as a support which has been rejected multiple times.
It seems CDT/BTC is getting enough momentum to continue going higher, where the strong resistance is seen at 1770 satoshis. The resistance is confirmed by two Fibonacci retracement levels, 88.6% and 527.2% Fibs applied to the corrective wave after the break above the Moving Average.
On a downside, price could correct down to the uptrend trendline or even 460 satoshis support before moving higher. Although the uptrend contamination at this stage is much move favorable.
The bear is waking up! Maybe he wakes up hungry.Hi, my fellow crypto friends! Here I'm again bringing the power of Technical Analysis to the crypto community. I know you miss me for a little, but I'm back to the game! Fortunately!
Today we will see what possibilities is surrounding BINANCE:CDTETH .
So following the steps of my 4h chart you all can see that the downtrend channel had been broken in the 13 May and had done very well in an ABC Elliot's wave (Green) since then. But it seems that this uptrend momentum will not last for long. The 20 EMA (Blue) still fighting to lead the run and the MACD has shown us a bullish crossover(Yellow) which justify the short-term bullish trend and the possibility of more gains.
My guesses: We're in the final lap of this race, which means that it has bigger chances of hit the 0.00010138 (4 wave lilac) and go back again to 0.00010138 (when it will test the 0.618 fib) to give us more statistical possibilities.
Always remember my fellow friends, I'm like everyone here who is trying to improve my views on Charts and patterns, never take this as a financial advisor because you are on your own.
If you liked or with you have an opinion about, I'll be happy to read it.
CoinDash Easy x2CoinDash bottomed out at $0.029 after which the consolidated started. CDT/USD continues trading between $0.03 support at $0.055 resistance. While the trend remains bearish, the recent break above the 50 Moving Average suggests that the price could correct higher.
The key resistance is seen at $0.092, that is 23.6% Fibonacci retracement level applied through the all-time high. It corresponds with the upper trendline of the descending channel as well as the downtrend trendline.
At this stage small correction down is likely, to test 50 Moving Average once again. However, it is should take long before price reaches the $0.092 resistance. Break and close above it will open much more upside potential, while rejection should result in a correction down, perhaps back to $0.29 to produce a double bottom.
