The blue background means a reversal zone. After the first reversal zone, you will see the Specter Clouds (green area above price) predicted the price channel 9 days before it happened.
We see many of those "GREEN TRIANGLES" which mean that Spectro™ M confirmed a consensus on more than 20 indicators. So that was a strong reversal, and it was a very good and clean 10% trade.
I've been playing around with this bouncing - it's a fat and nice 20% channel
Right now we are much closer to a strong and old support than any other strong resistance, therefore the upside is bigger than the downside.
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely if you're trading with Spectro™ M.
Even though it broke the support, if you are using Spectro™ M that's even better!
Wait for the buy signal, that would be the entry confirmation and the sell target would be around the same as before, therefore the max potential profit will increase.
@cryptotrade89, lol not if BTC has big plans of pumping like a rocket!
Rohit_Shinde
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@spectertrading, ada has completed its downtrend cycle now it is going to go up
fadywanis
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Here is my humble TA :)
Linboo
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Thanks for the information. Wanna ask how effective is the Spectro bot. Does it work for exchanges like binance and bittrex? By the picture you posted, it seems that the bot is flawless :)
Also there's the knowledge base that covers all the basic questions plus a full course about how to use Spectro M: hypester.org/knowledge-base/
Well, I have a strong bias in this matter but...this indicator is pretty damn cool :)
Linboo
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@spectertrading, thanks! as you have experienced this tool, du you think that we can really win some profits by blindly trust this tool since they claimed that they have 81% success rate which is very very high win rate in my opinion :)
spectertrading
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@Linboo, I have to say that I've never ever followed it blindly because that's just burning money, you would trade a lot more, expose yourself to unnecessary risk and catch a lot of side markets, been there done that. You may get the precision but you will sacrifice profit for that.
I used this script for automation, therefore followed the aggressive mode entry/exit alerts and the strategy was profitable but a LOT less profitable than when I manually use it and filter the signals. If it's on longer time frames it works like a charm, but you're far from maximum profitability :)
That's why the tool itself has very powerful confirmation tools and using the confirmations with the alerts...well if you do that it's what I've been doing for the last 4 years I've been full-time trading.