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RE: Bitcoin shows extreme strength, lets look at big picture

in #dtube7 years ago

Thanks very much for all the information you share! I learned a lot.

I have a question about the NEO trade that I hugely missed out on (see below). I bought them pretty ok at the crack (at around 21,5 and at 19), but it didn't bounce back up to the base right away. So I was like: ok, let's wait it out. I had a sell setup at around 27, so the 25 peak was just a little too low. I waited and waited for it to come back up, but nothing happened. After two days it started to go down even further and I looked at the MACD, Stoch and RSI (thought) I saw bearish deviation and decided to sell with no loss. And then less than a day later: BOOM, huge percentages.

It still hurts, but I was hoping to get your view on it, of how you would have handled this trade. Would you have waited for the bounce three days later, or would you have exited earlier because the crack was caused by the ICO ban news? Maybe at the 25 peak? Or is it regular business that the bounce that you are looking for can also take a couple of days?

cid:9ED2E14A-670F-441B-B658-F51969C66B87@lan

Thanks in advance! Jose