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RE: Awesome PAY trade yesterday, and how to use Volume on a chart

in #trading7 years ago (edited)

Hi Luc! Was LTC/USDT forming a base the past 5 days or so and was it cracked? And was the buy-area the circle in my image? :) Thanx!

Skärmavbild 2017-07-09 kl. 02.08.16.png

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Beautiful chart, Yup that circle pretty safe.. but id have to see the rest of the month to know how LTC trades to be sure.. but yeah, thats what I look for

Cool! :) I'll keep searching and learning while I wait to get out of my ETH-position. :) Thanx a bunch!

Hi Luc, but in this chart the bounce back to base didn't happen yet, is it normal that it takes days to happen? And are we supposed to let our orders open for days while trading on a 1h timeframe? Thanks

A one hour bar chart is slow.. and you will often see a bounce take 12-24 hours to play out.. but participate in the bounce.. if you bought the dip, then sell a little on the bounce, even if your hoping it will bounce higher, just sell a bit here and then and that will help you to stay patient, because you will feel like atleast if it turns back down you made some profits..

Looks like it to me. Wish I saw that!