Here is a chart from an unspecified "X" cryptocurrency (iykyk) That made a very clear descending triangle. Novice traders like me saw this and probably sold too when it broke "support". However, the coin later made a whole run of 1845% from 0.9$ to 16$ (16-18x) without a pause or pullback.
Now, here we have a similar pattern that could reoccur with our beloved CRO. So, my question for you : "If a descending triangle does form, what would you do?"
I missed out from the entire 2020-2022 bullrun because I was trading patterns. Now, I stopped trading short timeframes and just wait patiently for big drawdowns on a major timeframe to buy and hold. I know I'll never be able to beat the market trying to secure small 10% 20% gains, only to end up buying higher later. So far it's been doing pretty well.
Please don't make my mistake. Buy low, HODL and SELL HIGH! Don't chase short-term gains and end up missing out on big long-term gains!
Thank you for reading my post :) Forgive me for the unsolicited advice!
Now, here we have a similar pattern that could reoccur with our beloved CRO. So, my question for you : "If a descending triangle does form, what would you do?"
I missed out from the entire 2020-2022 bullrun because I was trading patterns. Now, I stopped trading short timeframes and just wait patiently for big drawdowns on a major timeframe to buy and hold. I know I'll never be able to beat the market trying to secure small 10% 20% gains, only to end up buying higher later. So far it's been doing pretty well.
Please don't make my mistake. Buy low, HODL and SELL HIGH! Don't chase short-term gains and end up missing out on big long-term gains!
Thank you for reading my post :) Forgive me for the unsolicited advice!