AVAX - when will the pain stop? :) SNIPER lesson
AVAX - when will the pain stop? :) SNIPER lesson
RULE #3 : always sell the first bounce
That one will save you lots of pain, its just hard to do, because you are ready for moon at that point when really its just a bounce on a long road down
anyway ill put another educational rule in for each analysis i do going forward. learn from my pain.
oooook so here we have avax. quite a cool chain operationally. seems quite well made from what i hear, it did crap out (went slow/trans cost went up heaps) when it was very busy (when everyone was trying to withdraw from defi platforms to sell). though they all basically did at that point but it did better than most (FTM/eth/etc).
i think it has cardano type potential. ie will last and pump a few cycles then become a stalwart or die.
chart wise its much like the others;
- bounce here after close-to a double bottom structure, as per fractal and key lines
- keep dumping into hades as btc slips again hard and goes to like 16k or something
easy right? lol
key moves to not getting rekt during these times
- dont use lev if you do use low lev and with a separated account from your main stack
- put your buy orders above the 1-3 day levels of the first bounce from the capitulation
- dont knife catch a capitulation unless your willing to hold THAT bag for a year or two and ride it another 50% down then add more dca style
***CASH IS KING (USD) at times like these, your mission is to survive with that cash bag as long as you fuckin can and let the market bleed right out****but keep watching because you want to let bottom forms and catch big bounces***sell on big bounces at key MAs and go back to watching***
RULE #3 : always sell the first bounce
That one will save you lots of pain, its just hard to do, because you are ready for moon at that point when really its just a bounce on a long road down
anyway ill put another educational rule in for each analysis i do going forward. learn from my pain.
oooook so here we have avax. quite a cool chain operationally. seems quite well made from what i hear, it did crap out (went slow/trans cost went up heaps) when it was very busy (when everyone was trying to withdraw from defi platforms to sell). though they all basically did at that point but it did better than most (FTM/eth/etc).
i think it has cardano type potential. ie will last and pump a few cycles then become a stalwart or die.
chart wise its much like the others;
- bounce here after close-to a double bottom structure, as per fractal and key lines
- keep dumping into hades as btc slips again hard and goes to like 16k or something
easy right? lol
key moves to not getting rekt during these times
- dont use lev if you do use low lev and with a separated account from your main stack
- put your buy orders above the 1-3 day levels of the first bounce from the capitulation
- dont knife catch a capitulation unless your willing to hold THAT bag for a year or two and ride it another 50% down then add more dca style
***CASH IS KING (USD) at times like these, your mission is to survive with that cash bag as long as you fuckin can and let the market bleed right out****but keep watching because you want to let bottom forms and catch big bounces***sell on big bounces at key MAs and go back to watching***
Comment:
moment of truth. strong pivot here.
Comment:
well the price action respected these lines and squiggles to almost perfection. kinda crazy i can do this and still fuck it up. :)
hope someone made some money of this.
hope someone made some money of this.
