this is a cooper_5e trading tip for when you mess up a trade and long the local top or short the bottom - why lose money and fees in a losing position, markets go up and down right?
Disclaimer; you must have some sort of idea of market directions, reversal, support/resistance etc.
you longed the top (and think duh why did i do that) :-(
the market turns on...
Lets face it we all do it, we want that $btc quick and easy so what do we do...
and what is the subsequent fallout of a leveraged position
ANXIETY, PANIC, SLEEPLESS NIGHTS (unless you get the optimum entry)
So if we are gambling in a mid range between supports and resistance how do we trade either direction and feel safe, or relaxed?
gvt rounding at an near dead bottom.
ema 7 test looming
hma could cross in next few weeks
ema 14 at double curent price
bullish divergence on macd and at mean
tdi is at reversal zone (30)
rsi attempting push.
for me a safe buy would be for:
rsi to cross tdi
macd to flick positive
ema 7 crosses above 14
price goes past hma
if your a gambler, spot...
xrp has had many attempts at making it back above the range EQ (.5 fib).
you would of thought the long awaited coinbase listing would of been a moon news drop but it was nothing but a mere pump in a sea of alts popping off left right and center.
an easy move would be to wait for the OTE to hit (or drop below and reclaim) and then ride the wave back to EQ.
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see comment for lltc comparison
MTL looks like its due some fun run;
respecting pitchfork lines
cup and handle forming (currently on handle)
currently inside a symmetrical triangle
low timeframe (this moment) is in a little bullflag
id aim for the resistance around 900 first, then range high and then pitchfork mean line
on the weekly tron chart we can see a nice cup forming which will soon start dropping to create the handle.
historically the weekly stoch has show good entry and exit points for tron and currently we are on the roof waiting for the drop off (most likely this weekend, post nitron event).
once the stoch leaves the 70-100 zone we will start looking for longs around...
D for the bat ends up around the $3200 order block, it would be a good spot to load up lomgs with a SL below the previous low.
scarily if this is a bullish butterfly we will break that low to create a new lows sub $3k
$tusd has always been a good way of charting btc moves as it is a cleaner chart that respects fib and EW.
this does mean that tusd i currently on wave 4 and has fallen 0.5 of the last wave down.
due to its uprise it does mean that a drop to the 00017-18 area is possible but until btc breaks 4200 we could well of seen it correct here and look to start making a...