very true.. just depends on how much you are willing to risk. I personally would rather take a slightly smaller gain if the chance I would make money was significantly higher.
investments is all about risk/reward ratio :-) Calling bottoms can be justified by support, channel, fibonacci lines or by a - cross fingers - well calculated EW correction etc... The thing with crypto's is that the UP goes mostly extremely fast so you quickly miss on some serious gains. I do like to call the bottoms, somebody has to do it or we would never see a reversal :-)
that is very true! It is definitely a lot easier to call a bottom than a top, and those are some great tools to use! I just been burned too many times on a false bottom. Also if those indicators you stated breakdown there is a possibility for much more downside... just risky, but if you are willing to risk it and get it right, there are certainly huge rewards. Thanks for the comment!
very true.. just depends on how much you are willing to risk. I personally would rather take a slightly smaller gain if the chance I would make money was significantly higher.
investments is all about risk/reward ratio :-) Calling bottoms can be justified by support, channel, fibonacci lines or by a - cross fingers - well calculated EW correction etc... The thing with crypto's is that the UP goes mostly extremely fast so you quickly miss on some serious gains. I do like to call the bottoms, somebody has to do it or we would never see a reversal :-)
that is very true! It is definitely a lot easier to call a bottom than a top, and those are some great tools to use! I just been burned too many times on a false bottom. Also if those indicators you stated breakdown there is a possibility for much more downside... just risky, but if you are willing to risk it and get it right, there are certainly huge rewards. Thanks for the comment!