Bad drawing, but as the Bollinger bands expand with more volume and our price starts to grow, I'm looking back at the previous peak. When the moving average (bright green line inside the daily trades) disconnects with the upper bollinger band I will strongly be considering a short at that point. I believe this could happen at mid-40 sats (but your guess is as good as mine).
Always remember, take profits when you feel comfortable and move on. After this peak it could likely be another couple weeks before we get a good buy window. So if you miss your profits and hold too long (like I did on the last peak), you may be hodling for a couple weeks before you free up your gains again.
If you have been watching the Binance trade log there seems to be thousands of BTC being tossed around within seconds manipulating this coin, so be careful, anything can happen. I saw 550BTC spent on filling "asks" in about 10 seconds earlier today, and just as much driving down through the "bids". My strategy is to take sell and take profits when 2 "bids" are simultaneously burnt through without a pause - selling on the second. I may sell half here, and then the other half on the third in case of a bounce, depends on the sat.
Always remember, take profits when you feel comfortable and move on. After this peak it could likely be another couple weeks before we get a good buy window. So if you miss your profits and hold too long (like I did on the last peak), you may be hodling for a couple weeks before you free up your gains again.
If you have been watching the Binance trade log there seems to be thousands of BTC being tossed around within seconds manipulating this coin, so be careful, anything can happen. I saw 550BTC spent on filling "asks" in about 10 seconds earlier today, and just as much driving down through the "bids". My strategy is to take sell and take profits when 2 "bids" are simultaneously burnt through without a pause - selling on the second. I may sell half here, and then the other half on the third in case of a bounce, depends on the sat.
Comment:
this isn't trade advice, by the way. Just my idea of a possible strategy I will be looking out for.