We've paid our tuition fees on UBQ - but did we take notes?
We paid our tuition - but are we taking notes?
Here we see the importance of buying the pullback at the .5 fibonacci level.
We see the pullback 'overshoot the target' eg the bullrun is over.
Then we get a *reaction bounce*, back up to the moving averages and in this case the 0.382 fib.
This is where you get out, at a minimal loss!
But, ofcourse, you have to be aware and prepared.
---
So, triage and aftercare.
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Maybe get back in around the 200 Moving average
for another move up?
At this point, a move back to our earlier buy zone
would be a profit target!
Here we see the importance of buying the pullback at the .5 fibonacci level.
We see the pullback 'overshoot the target' eg the bullrun is over.
Then we get a *reaction bounce*, back up to the moving averages and in this case the 0.382 fib.
This is where you get out, at a minimal loss!
But, ofcourse, you have to be aware and prepared.
---
So, triage and aftercare.
---
Maybe get back in around the 200 Moving average
for another move up?
At this point, a move back to our earlier buy zone
would be a profit target!
Comment:
Another thing to learn: When there is so much downward pressure on a coin just coming out of a bearish trend, be extra wary about making sure it closes above previous highs to ocnfirm a reversal.
Comment:
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