You may ask me a question, like
“Hey Pause, can I buy coin now?”
The answer is
“It is ok to buy coin now.”
It’s ok to buy coin now,
but you have to save some money for buying on scale at least at the price of 8000
“Pause, you said it is highly possible to be supported by red dot line?” Yes, that’s right
It is highly possible to be supported, that’s right
but the case that the price dramatically dropped also exist
so that case is possible,
you have to keep in mind buying on scale at the price of 8000
then you can buy coin now, as I thought
Someone doesn’t have coin position may be concerned
“Do I have to buy coin soon?”
I think it is ok to buy coin now
If we think this trade is high-frequency, at here, the previous high price,
we set sales loss point under the previous high price
make Fibonacci sequence this way
and set sales loss point here to here about 10350 amount
and also here to here, it is good to buy on scale
but personally, I won’t do like this way
It is not bad that you buy coin with this large cycle
because it is possible to be supported by red dot line additionally
Anyway the price is possible to be supported by red dot line regardless of price fall
then should I have to sale loss?
I’d rather buy on scale up to 8000 from now on
I think it is more realistic
Refer to this information
If you don’t have position, you may buy if the price falls to 8000
or if the price falls this far, you may also buy coin
or you may not buy coin this time, it’s all ok
You know, I see things all the time
Let’s check the daily 30MA
Take the top, take the centerline, take the top, take the bottom
take the centerline, take the bottom, take the top
and tend to take the bottom but does not
this is when it comes to the edge of the triangle convergence
this is when it comes to the edge of the triangle convergence
And now the price doesn’t take the top or the bottom
“Doesn’t take the top or the bottom” means price movement lessens
If movement lessens, Bollinger band lessens once again
And the price moves with the top and bottom of Bollinger band
And then the direction comes out
This is not the price collapse, it is just a phenomenon in end of the edge of the triangle convergence
In my experience, the edge of sideway walks
takes the top and bottom coming and going
and didn’t take the bottom for once
In this time, I think the price will not take the top
Possibility to take the top of Bollinger band is low
The price won’t take the top and it will falls
And sideway walks will become longer
Sometimes the price will highly drop and maintains like this way
and also highly dropped price can take the top and bottom
The price take the top and bottom this way
and at the end of the edge of triangle convergence, it blows up below or above
This is the flow of sideway walks
Those words are from my experience, as I told
Anyway you can regard that not taking the bottom is natural movement
Additionally
We only knows the fact
that the price must falls or increases when we get that time
but I think the price will increase anyway
If I regard breakthrough buying when I have no position,
I think I can do breakthrough buying when the price reach over the previous high point
When the price reach over the previous high point,
38% up to 261.8, 82% up to 361.8
You may expect 40% revenue
and I think buying coin might be good in this time
And now let’s check weekly 20MA
MA is nearly same with this red dot line
also weekly 52MA moves like this
If the price has increasing trend when regarding weekly 20MA
I told you the price will increase additionally when considering weekly candle because it is supported by weekly 20MA
and I’m telling you again possibility of the price increase is high because 20MA supports the price even dropping its tail