I present to you a chart written in moonspeach.
Its a pretty simple language to learn, all you have to do is to stare at a chart like this until you feel a absolute FOMO. Then speak.
several different indicators hint of both price and date :
-pitchfork median line from 2015 low - 2017 high - 2018 low
-top of channel drawn from previous ATH's.
What a sick 24 hours this has been ! If we are lucky, we can soon party like its 2017 again !
I believe many (especially new) traders have a hard time taking profit and actually selling. I know i struggle with this. Greed takes over, and I want to ride it just a little bit higher. Or, "this is going to bounce and move further up" - hopium. Bears are...
wait for a serious break of the yellow line, maybe even a lil retest of it.
targets are green lines, and a pretty hairy target all the way up there. take profit along the way.
all the targets are pretty hairy, so move the stop loss up several times.
first SL can be right below yellow line
this is just an idea, so it will probably need to be revised later.
xrp was my first crypto. I think I got it at 0,06 cents.
So im a XRP milli..
naaah. Sold long before it hit a cent.
would be interesting to see what would happen if we could get above this channel, at around 25 cents or so. Could we then get the kick up we are all ( not) waiting for ? ( i am tho)
Lets see how this plays out over the years.
Personally im Long, and if we dip to 6k-5k-4k, im going to buy more.
All those buys will be sold at a (imo) conservative 2X.
If we dip, BE READY TO BUY ! ( not financial advice, this is a personal note to myself )
In all the panic, it is very difficult to keep cool and just look at the cheap price, and BUY IT UP....