dchua1969

How to know when to buy or sell?

BITTREX:DGBBTC   DigiByte / Bitcoin
I used a few indicators and it has served me well over the years.

I prefer to keep to these few as it worked for me thus far and like to keep the charts as simple as possible.

1. Notice the twice bearish engulfing candles - a sign of bears taking over the bulls but wait.........
2. 21EMA - notice the price is still above 21EMA , so there is still a chance to rebound, do not sell prematurely.......
3. FIB level - notice there is support at 50% FIB level? If the price action is well supported, then it might rebound else it will goes southward to the 618 FIB level
4. MACD - I used this sparingly. Notice it is likely to cross over soon ? Again, do not jump the gun and assume it would definitely do so. Selling early may be a costly mistake as I had learnt from my past mistakes, trying to move ahead of the market trends. Sometimes in trading, one has to be a follower no matter how much of "Leadership" you think you have in you, haha. Follow the trend until it has changed - easy to say , not so easy to follow.

Best of luck

Comments

If I wouldn't of read your Chart I would of sold! Thank you...It is on it's way up again.
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@issag, thanks for dropping by.

Please read my comments , item 2 & 3. Thanks
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