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Nice charts, but can you help me understand what is indicating a buy signal exactly? I'm unsure of how all these indicators are working. Thanks
blackriver85
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@mtndgz, buy signal is just an algorithm programed to "sense" bullish or bearish market changes . It is similar to this type of oscillators tradingview.com/symbols/ARDRBTC/technicals/ that can give clues about many types of indicators sentiments. From my perspective along the years this buy signals are like entering casino with a more 50/50 changes of winning. Without any indicators is like going blind. some have luck is true! some are more into fundamental analisys. You need to play a lot with intervals to see that in a bullish trend buy signals tend to sustain from small intervals to big ones like 3 days, but crypto is very volatile & can go directly to a 3day buy signal because of a 30% pump lets say on a 3h candle. Same with sell signals, The bigger the time frame, the safer the signal is.I have never paid for any chat room , tradingview is already enough to pay. In the end even if you learn more about signals and indicators you make get tired (or less incentivized) to scan the market all day from 3h signals,than 4h, then 10, then 12, 1day 2day 3day. interval(morning -noon-night,while you sleep).. is like finding aliens sometimes with SETI :)) good luck
mtndgz
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@blackriver85, Thanks. How did you choose the target?
blackriver85
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@mtndgz, try to play with the fib tool and the candle from 7 may(that has a top around 0001111) honestly i forgot how i did it. when i do pick targets i do then by instinct takes a few seconds, i dont want to brag, but even i dont know how i pick them, i just see them ,sometimes i have luck (you re welcome) i try to see beyond support and resistance areas, and see the whole structure with a minumum potential and a maximum potential (for targets) then i use the fib tool to make an averege on that - including all time highs and lows on the current interval,including suport and resistance areas,for me after a few years trying, i began to "see" targets line up with the fib levels . but the catch is (or caveat) to have the right interval(time frame) for the targets(fib levels) most of the time the market will give clues, mostly the pumping,and bullish coins, will have a start(like a buy signal) and an end (like a TD9 at a big resistance level) on the same interval (maybe 4hours). Most of the time, guessing targets is like timing the market. It is very random .I am very bad at math, but i am good with visual memory. But mostly we don't need math,because indicators gives us all calculus