ONT/BTC 4 hr Binance...It's A Runner! Watch OutHello fellow traders. So many coins to update, but how can I forget the elusive ONT. It is long overdue for an update, and although I had missed trade after missed trade, my money management game is tight. And so....Here we are ;-)
Before I do some quick analysis, I'd like to point out some misses. Far too often, these "pro" traders on TV do not emphasize the importance of misses, stops, or just being flat-out wrong in their proposed counts. For those looking to amplify their TA skills, these are absolutely critical and invaluable. That is how I learned, so I share the wealth ;-).
I was front-runned at the 50, which you can see labeled on my chart, and thus, only was able to catch a portion of the swing. Then I was stopped, and stopped again. As I waited for what I have as my proposed 4 to be in, I bit--hook, line, and sinker. I still believe we have another kick from ONT--regardless of BTC movement. I have already taken a partial but my final will be at or near a double top, due to how I feel, the misses, and plainly I have my capital tied up elsewhere.
The lines drawn are not exact, just a general direction of how I see the market moving and where I will be out. If it runs up, so be it. Good for those who stayed. If it starts to drop, profit is realized, and I will be looking for the next entry. Stopped out. Yes, I said it ;-)
ONT is one of my favs, and I will do my best to provide my insight and TA to share with all. Be safe everyone. And please follow these for your education only.
