ASM - Bull Flag

22 Nov 2024

#652

Low rank and ultra volatile Assemble AI is printing a shallow descending wedge.

It looks like it might be a bull flag with plenty of pop.

Not advice

3 Jan

Dagangan aktif

ASM

Is now rocketing out of the 3 wave correction.

Notice the bull flag into that breaks out but only to print a Wyckoff UT UpThrust slightly higher high bull trap.

Crypto loves this move.

Looks like the next wave up here 🚀.

3 Jan

Nota

I'll be taking a break here.

Congrats if you are holding ASM - its looking great 🚀.

Good luck in your trades 👋🏻

7 Jan

Dagangan ditutup: sasaran tercapai

ASMUSD / (BTC)

In terms of percentages, ASM has been pumping hard; up 140% from the recent low to the peak that just passed...

But yet it is still in an accumulative area of the chart; and this just shows how extremely volatile this coin is.

The chart offers big gains to the upside but also sharp losses to the downside.

In this recent pump it has been moving against the market that has been bearish since mid December.

And just now it is printing an upper wicked candle as the market dumps.

This upper wicked candle has printed just above resistance in higher liquidity.

This increases the odds that a significant reversal can arrive in this area.

That in combination with it having moved against the market, makes this quite dangerous up here.

And its certainly not impossible that this could become a higher time frame bull trap shakeout and take out the previous low that would see my position erode 60%+.

And so I've made some nice profit on this dangerous coin but there are now other coins in much better positions to buy with far less downside risk.

ASM may yet somehow hold and pump, but this is a game of probability and to win it is all about having the odds in your favour and not taking unnecessary risk.

So i'm selling 100% here and this trade is done.

Congrats if you bought the dip ✨.

I made 55% profit on this 👍.



Hopefully you've enjoyed this recent burst of content on TradingView.

There have been some really great calls

This will be my last post on TradingView for a while.

Good luck in your trades 👋🏻.

5 Feb

Nota

Current price $0.042 back below my profitable exit.

Hodlers go up, hodlers go down; just like plankton in the sea.

The question is where is this sea heading...💭

Of course if you ask them they'll tell you they sold the top, probably with some noob TA 😅.

11 Feb

Nota

ASM now way down from my exit, looks ready to sh*t the bed while other coins are having big pumps from deep.

Are you fanboys starting to see why I took my 55% profit and moved on...

11 Feb

Nota

"ASM, she’s on coke lol. 30% weekly candles happen often."

Well she's on Xanax now 😄

21 Feb

Nota

Big pumps in altcoins but ASM doing nothing and still well under where I took profit.

GG.

28 Feb

Nota

When arrogant kids that have done 0 work talk of "selling the farm" you know a major smackdown is coming.

ASM looked good for a while but it became clear that it was actually corrective to the upside.

Now its impulsive to the downside.

29 Mac

Nota

Major smackdown keeps on smacking down. Indices looking terrible. But thats okay if you're in cash / have some modest short positions.

18 Apr

Nota

ASM now down 60% from where I saw the chart was weak and took profit.

And now who knows where the low will be or if there will be any significant bullish action before the next Bitcoin bear market.



There have been many big winners this market cycle SOL XRP BONK HBAR SUI etc, but there have also been plenty of bogey coins that may even be locked in a perpetual bear market; perhaps until next cycle but good chance they will just die.

ETH THETA UNI EGLD FIL EGLD ILV - some big names and the list goes on and on.

This appears to be a multi-cycle hodler trap.

Last bull market almost all altcoins pumped and "cycle gurus" touted The Path To Altseason to lure in hodlers believing that it will happen again.

But this cycle the bogey coins appear to be nothing but a trap for unwitting hodlers to throw their cash at only to provide liquidity and prop the price up for those in-the-know to sell against; down and down.

This market cycle, across the world will be an army hodler thats believe they can easily buy coins, hold and eventually make great profit.

Coins down 99.86% are believed to be great value according to the belief of recovery.

And obviously if that belief is incorrect then said army lose everything.

Many will now be well on their way to blowing their account whcih may well be their life savings / inheritance etc - money that cannot be easily made again.

The tough lesson is "surprise surprise;" real skill is required to successfully play this game.

You have to pick the coins with strongest technicals or else you will inevitably bag some bogey coins.

This is how the new market is.

I may make a video for this on some of the coins mentioned above soon.

Have your notifications on to be alerted.