That would be great, a video on this subject. I have no problems buying on major support after an obvious crack or when a new price(a run up)cracks creating a new base, but it gets weird in other situations... Let's say major support bounces, forming a new argument that holds itself for a while, when there's a small crack of this argument(not enough to crack previous major support) should I buy in and close the deal quick? I get the feeling there are missed opportunities in these spots...
You are viewing a single comment's thread from:
You can trade on different time frames and capture profit on many mini cracks.. theres 15 min bar bases and there are 1hour bar bases.. but I focus on the 1hour bases /support cracks because its just easier to juggle a bunch of coins if your trades are further apart and higher percentage plays..
I will try to keep my eye on those as well, gotta get those free beans
Yeah from the chart I'm seeing ethereum there's only 3 major base in a months time frame...
So my question is we just wait for the new base for days / weeks once we identified the crack and wait for the next pop above the crack ? what happens if it falls further?
Prozy, I would look at smaller time frames. You are looking at charts too macro, try going for 1 hr or even 30-15 min time frames until you try a few trades and you get the hang of it. Then you can even do 1 min trades, when you have time on your hands are feeling more confident. You can see how things develop pretty fast. Thats the style I preffer. But be warned, it can be pretty stressy that way ;-).