My Crypto Journey: Who Else Am I following to learn?

in #bitcoin7 years ago (edited)

I have been following and learning from Hodloo group, recently formed a month ago which is under the original group called Quick Fingers Traders formed by our Steemian.

Interesting to see how one can take profit after panicked sellers crash the price after a BASE is created where the buyers and sellers move the price up and down for a while until the BASE is broken by Panic Sellers.

All you need to trade to look for the BASE, draw line there and watch the Volume closely right when the panic is over and Buyers take over with significant volume.

One would BUY in layers as the price continue down as more panic selling happens. Further the price move down from the BASE, a trader would buy more each time increasing the investment amount by 10%.

Below is the example:

cardano base broke.JPG

See below of a telegraph signal given by Hodloo group after the price broke the BASE and continued down 10% from the BASE where the panic selling started. For ADA the signal given to us on 3/1 11:18 pm....price 0.00003051

cardano base broke 1.JPG

See the current price on Binance:

cardano base broke binance.JPG

I will be watching the price movement of ADA/BTC to see firstly, when there is a significant BUY volume comes in to start moving the price up significantly. Also, anticipate how long and how high goes back up to the BASE.

Your assessment and comments be appreciated since I am still learning this unique way of trading.

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