The strategy is to buy low sell high. Technically speaking everything that’s happening in the above chart also occurred in the RVN chart, there’s no difference between them.
What is the strategy? Everyone should have a plan. Everyone following my ideas should know exactly what to do. You cannot follow those ideas blindly. At the bottom of each idea a very simple approach is provided.
So you question on the tops is;
Yes, that is clear, strong resistance remains in play, how can this be possibly a long position?
Now the LOG chart is switched over to Linear
The same candle tops have printed two extraordinary resistance breakouts.
To provide some comparison here is the study (I did not publish this chart) I used for the RVN idea before it made a 100% move
@SquishTrade, I do not watch the pair, so I do not know where it will head next. But this person has predicted 10 out of 0 bottoms over the past year, and it is definitely not a person I would want to get my information from. According to @without_worries BTC was supposed to trade above 30k USD already two months ago. I think his opinions are economic torture, with no common sense at all.
SquishTrade
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@Tradersweekly, Wow! Telling unwitting followers to catch a falling knife isn't ideal! I suppose there are "strategies" for everything these days
without_worries
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@Tradersweekly, Both Nasdaq 100 and S&P 500 bottoms where smashed. Ideas published on the June lows. You cannot refute that. If you're going to call someone out, my advice - do your research -
Up over 100% in the last 10 days.
Must have been a fluke right?
Esperion Therapeutics - doing fantastic
ChainLink - Aug 5th - price action remains the same. Can’t pick the bottoms eh? No one should try, I certainly don’t and you should certainly not assume.
Pacific Biosciences of California, Inc - up 30%
Ethereum to 2k when trading for $1100
Tradersweekly
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@without_worries, RVNUSDT rose 100% (not so surprising for garbage with 260mil. USD in daily volume) and then declined 30% from that peak (with the rest of the market); now, it is most likely headed lower (as the rest of the market). Additionally, I do not see a price target on your idea (and if it is that 500%, then it was not even reached); therefore, I do not know what makes it a win-win for you, but okay. Next Chainlink - you forecasted 48 USD; it trades merely at 7 USD. I checked these two ideas and then had to stop writing the response. Because it is such a waste of time going through your silly charts and opinions. Though, I am still waiting for that 17k Nasdaq by the end of 2022 you also forecasted!
without_worries
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@Tradersweekly, Since you did not read the Chainlink idea.. here's what it said at the bottom:
Type: trade Risk: 6% of portfolio Timeframe: You know, I’ve no idea. Return: 500% and if $48 becomes support, we’ll look at it then.
"RVN rose 100% and then declined 30%." Where to begin. If anyone following me sat on a 100% move and did not take profits, it tells me two things:
1) They're an idiot.
2) They don't have a strategy.
It is the exact same with the ETH to 2k prediction. Many went long after the target was hit and then complained. Like yourself, the majority complaining on my ideas do not have a strategy. Please get one, learn, education is free.