Both previous sell had been profitable but we might see another opportunity here, we dont want to speculate anything on any instruments whether going down n up. What we do is to react when opportunity present itself in front of us. If its uptrend, we tend to wait n find where the early sellers might comes in n for the sentiment ridiculously bullish where dumb money should comes in, then we wait for reaction n confirmation, of course its vice versa for downtrend.
Most of technical patterns are focusing on prices itself, n yes it is important, some also talk lot on indicators without understanding their real functions, most of the times we would classified them as coincidental lagging indicators (they are still good though if u understand the mathematical side of them n use it accordingly to volitility n liquididty). But the most neglected one of technical aspect is the time, when the big boys are coming in n with algo is involved 24 hours/day, when are the crowd with dumb money are coming in. Even if crypto market is up for 24/7, the pattern of when the big boys normally coming in is still important because they are human being, they still need to take rest n work periodically n monitor the algo. There is always a pattern, even when we see no pattern, the 'no pattern' for us also can be a pattern for someone else.
Disclaimer
This is not investment advice. Trading entry need more research and real-time confirmation.
*Please do comment n follow me for more educational contents.
*For more inquiry, shoot us a message at our profile.
Thank you for supporting us!
All the best Traders!!,
Zalraki
Most of technical patterns are focusing on prices itself, n yes it is important, some also talk lot on indicators without understanding their real functions, most of the times we would classified them as coincidental lagging indicators (they are still good though if u understand the mathematical side of them n use it accordingly to volitility n liquididty). But the most neglected one of technical aspect is the time, when the big boys are coming in n with algo is involved 24 hours/day, when are the crowd with dumb money are coming in. Even if crypto market is up for 24/7, the pattern of when the big boys normally coming in is still important because they are human being, they still need to take rest n work periodically n monitor the algo. There is always a pattern, even when we see no pattern, the 'no pattern' for us also can be a pattern for someone else.
Disclaimer
This is not investment advice. Trading entry need more research and real-time confirmation.
*Please do comment n follow me for more educational contents.
*For more inquiry, shoot us a message at our profile.
Thank you for supporting us!
All the best Traders!!,
Zalraki
Trade active
1st tp hitted at previous low
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.