Hi traders,
A quick TA to check how to properly take advantage of possible repetitive patterns.
We had beautiful repetitive patterns recently with Litecoin Usd.
What to remember :
-the dips were followed by strong bullish upmove (wave up)
-the strong bullish upmove waves created strong bearish waves (waves down).
-do not buy around the top of the waves UNLESS very special reason that could make you believe the wave will keep on raising (for exemple during an announced fork about a coin, if news give a very good info about Xrp partnership, etc).
Avoid at all cost buying in the potential top of the waves, controling Fear of missing out is extremely important.
Wait hours, a day, even some days in case you missed your opportunity.
With cryptocurrencies, new buy opportunities happen very regularly.
Good luck!
A quick TA to check how to properly take advantage of possible repetitive patterns.
We had beautiful repetitive patterns recently with Litecoin Usd.
What to remember :
-the dips were followed by strong bullish upmove (wave up)
-the strong bullish upmove waves created strong bearish waves (waves down).
-do not buy around the top of the waves UNLESS very special reason that could make you believe the wave will keep on raising (for exemple during an announced fork about a coin, if news give a very good info about Xrp partnership, etc).
Avoid at all cost buying in the potential top of the waves, controling Fear of missing out is extremely important.
Wait hours, a day, even some days in case you missed your opportunity.
With cryptocurrencies, new buy opportunities happen very regularly.
Good luck!
Trade active
Repetitive patterns of price drops with the same amout, 450$
Btc Usd, local 5min candles
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.
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.