My simple smart logic is to draw lines in order of investigating them. Your ta and numbers are not defined beyond boundaries of a line especially when you draw the same trend on different charts.
My simple smart logic for activity in crypto market is designed for my own expected lifestyle so i start researching and now i see 500X. Low energy is needed, no leverage ...
The key for this chart is the yellow trend and now i see it as the last main bearish trend touching 0.00000000 sat :), timing might be a bit wrong but no attention is given to errorists
Market is bullish and bullish case on btc is ~65_66( least expected, first leg), we are not touching 30k again, lightweights as luna are generating tops and heavyweights (relying on eth) are bullish, tops will be available :)
Every trend carry decision making points or a pattern representative of sentiment, as you might know how i was dealing with xrp you will know better if i say the main movement is bearish from the beginning till some weeks ago, yes i do
On xrp i see ath then all time low so tell me what do you think about distribution of a heavyweight as xrp, the main logic is applied on this chart, we have been on a bearish phase on bts for years, i see a massive triangle which had a bearish breakout and that's the potential i tend to observe when i want to start investing, it's long time ago but the sentiment on this chart is potentially so huge.
My tp as always is inside a range which is 22_26 k satoshi based on my own investigations applied on this chart. Ok if I'm wrong about my 22k sat then all time low on this technology is not going to return all time high :) let's forget about eth.d & btc.d and other explanation for this historical bull market. now let's try finding a tp on usdt pair Price difference on chart is about 220X, 22k sat is the main tp Btc top on my ta is ~230k, (high accuracy top detection depends on some other real time interrelationship). So it's obvious I'm a moon boy (22k sat * 230k) but i wanna try a more realistic method ...
What if btc is going to move 1.5X from that current price till bts is 22k sat as you can measure the previous profit while it was going to moon, 1.5 *220X, the strength of this method is a real time control over the randomness and absolutely it will be more accurate. About entry points and stop .... I say if you don't get to die without being a daytrader then it really doesn't matter to know if it's 100 or 80 or 60 sat will be the dip but on btsusdt i saw a LOW equal to btc gap at ~34, i say it might touch it again but i don't think we will go lower.
the cheapest way for maximizing profit is to sell on 22k sat independent from btc price, this is my standard smart take profit, very accurate, very good
Sharpen your knife ... Disclaimer: this is not standard TA, this is under development, if there is a moment of silence for a trader i am experiencing it Best wishes for you
I like your trend lines. 20000 sats here we come 🤑
UnknownUnicorn10828932
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@ClearOpenDoor thanks i just want to keep my money safe till the next mega bull, another 1K do you have a plan for compounding this one, i guess it's the next most important factor after coin selection, 400X is truly different from 800X
ClearOpenDoor
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@reza_1515, I would probably buy at .021 because if btc retests low 30s it might go that low. Then sell at .123. I have a weird feeling .0142 is going to get retested at some point, from which the only 400x would be possible.
UnknownUnicorn10828932
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@ClearOpenDoor this idea is not right but let's use that max high for bts (20k sat) * max low for btc (~10k $) is 2$ max high for bts (20k sat) * current btc price ... max low for bts * max low for btc .... i was thinking of selling at 3$ then to buy back at 1.35_1.5 i am not sure for usdt pair but i think it will test a resistance at 6500 sat, the cheapest way for compounding, then i buy back at -55 drop on usdt pair, 50 percent size just one time for compounding the profit 6500/106 * btc price difference during bts impulse (? X) ... bts is 0.05 eos is 5$ bts is 60 sat and eos is 600 i remember eth when i think of eos prices
ClearOpenDoor
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@reza_1515, Yes I was looking at it from the USDT pair. I only have a precursory knowledge of this chart. It is clear that you obsess over this one as I do GRT, XRP and ALPHA.
I saw a video of a trader yesterday talking about xrp. He said that it is now in macro wave 5 which will only take it to 6 or 7 dollars I think? So basically the big wave 3 in 2017 will not be repeated this time, at least not on the same level.
I guess I didn't think about it that way before! I expected once it breaks the falling wedge on btc to do the same thing.
So maybe it only hits 14000 sats once this time, instead of 24000 sats, then 2000 and 20000 a few months later. If anything that would set xrp up for an ABC correction lasting many years before the next 5wave macro impulses sometime in the 2030s.
I'll still be watching the chart then! 👀
UnknownUnicorn10828932
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eos part is a top scenario
UnknownUnicorn10828932
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@ClearOpenDoor i saw 2030 on my things and yes I've been thinking of the wave forms for alt market, that's third wave ... xrp is different from most of things and it's pointing out to 2030, this is the possible case bts timings for me is a bit different i see some kind of independent high to high, low to low moves ... if a heavyweight needs more money to do its big moves (bullish phase) then it's slower to do, number of coins and a trend?! i buy more for awhile and i really expect a big move on btsbtc as it is the simplest logic for my own turn based money flow theory first of all, bts is in futures market list so it safe to think there will be a pump :) it is so big my friend
ClearOpenDoor
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@reza_1515, Awesome!
I will keep an eye on it from time to time :)
UnknownUnicorn10828932
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@ClearOpenDoor i know what's your plan for xrp :) i will do the same
ClearOpenDoor
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@reza_1515, Yes! 450 sats. But that may be a ways away yet. There will be bounces along the way!