Hi Luc, thanks for all your info! For the below chart on Waves/BTC BTRX 60 minute chart; would the orange line which was once a pretty strong base, no longer be considered a base for your strategy because the most recent bounce at (yellow) was not as strong, and it's becoming obvious that if it cracks, then it should fall and not necessarily surprise anyone?
That is a very strong base.. the bounce your refering to isnt done yet.. but regardless. if it cracks that support/base and a panic dive happens, i would say its pretty safe.. i always look at a month of data on the chart to get a real feel for how the coin reacts to surprises.. its a beautiful chart.. the only way that a small bounce would disqualify a base is if it was in a down trend and showing weakness... smaller and smaller bounces..
awesome makes sense. Thanks!
I am learning a ton from reading the comments because this are also the same question I had! Thanks so much for taking your time to answer our questions!!!
:)