View: slopechart_COIN.jpg

I apologize for the mess of a chart, this is the first time I've really looked at retracements (thanks, George.) I've been debating with myself whether I should even bother putting a stop on COIN. It's been my proxy gamble on bitcoin and after 3 years is finally back in the green a bit. Looking at the general uptrend for the last year+, the up cycles are between 146% and 178% and the down cycles have been 39-42%. Assuming this uptrend ends around 163%, then back down 39%, that would put the price about $180. 

After typing this out, I guess the prudent, disciplined thing to do would be to set a close stop, then re-enter later when it dips.