ABT to 3.67

Jul 17

I like ABT's tokenomics with about 98 million in circulation. It was a great play earlier in the crypto bull cycle and I think early profit takers will jump back in as we move towards $5.00 later this year (Nov). My short term targets for price (on the daily) are around 2.85 to 3.67. It has consolidated well, we've seen recent buy signals kick based on technicals, and it looks to me we are moving away from peak fear towards the greed zone. I bought and am buying at 1.62 to 2.07. This is a really long swing trade that I'll be nibbling at on pullbacks till it's above five dollars. Personally, I like to sell into peak greed and top off my positions on hard pullbacks during peak fear cycles. I'll be watching the daily for invalidation of my targets but I think we've got, at least, a week or two of upward momentum coming.

Jul 21

Note

I'm still long ABT, it's following my charting OK but this may take a bit of time to develop.

Aug 1

Order cancelled

I sold out of most of my ABT and will be eyeballing lower levels to get back in.