I kept getting caught on the wrong side of the trades.
The price was going up while I was trying to buy low.
So, I stopped doing that.
This dswap bot is working like a champ, though.
You are viewing a single comment's thread from:
I kept getting caught on the wrong side of the trades.
The price was going up while I was trying to buy low.
So, I stopped doing that.
This dswap bot is working like a champ, though.
The trick is to wait for an all-time high and then use a Fibonacci retracement grid.
With these volatile markets they are extremely subjective to Human trading algorithms, and that is literally what the Fibonacci retracements algo is for, estimates the golden ratio.
The mountain, is the 0.78 retracement level out of 1.
More often than not, a stock that hits 1 dollar and sells off, is in a retracement algorithm. Once it has a clear bottom (that you don't buy) you can make an estimated guess about the 0.78 retracement level.
In the case of a dollar, that's $0.78.
Hive hit 55 cents and is about to test the 1:1xretracement ratio, that will be time to leave the market and watch for another pattern, while desperate people use fear, uncertainty and doubt to try to convince themselves that $1 means up.