...and you go back 1-2 months into the history to confirm that there the chart follows the pattern of base creation, base crack, panic, base creation, base crack, panic, base creation?
I have looked through many charts that seem to follow no particular pattern, and many more that don't follow the pattern that Luc is advocating that we look for... at least they don't follow it with any degree of consistency that we can count on.
I guess I was asking if anyone has identified charts that are in the ball park of reliability as ETH/USDT?
Once again, ALL charts have this reliability eventually - just be paitent and read the charts daily, eventually you will find the opportunities. Some charts I see prime opportunities in the past, but none currently - thats a fact of life while trading, its not free money, you still need to put in a little bit of work and be willing to take a risk.
With that said, here is an example of a chart which opened up to a great trading opportunity overnight. Once the price dips into the circle, your trade should be +EV if you sell upon the bounce back to the base.
Thank you for the reply and the chart share. I agree that I'll have to learn the story of the chart before being able to capitalize on oppurtunity, so I will keep trying to interpret them because apparently my thinking and pattern recognition is currently too rigid.
With the chart you shared, there is no way I would have recognized that base. There are a few instances of similar bounces working out, but it doesn't seem to follow much of a pattern to me. Especially since 12 hours later another bounce happened that was equal to the bounce you underlined, but we ignore that one. I also don't really understand your circle in reference to the underlined base, but I'll keep watching to see how it plays out.
I don't expect you to go back and forth holding my hand on this one, but I figured a response may help increase value for someone else that is struggling to understand this chart.
...and you go back 1-2 months into the history to confirm that there the chart follows the pattern of base creation, base crack, panic, base creation, base crack, panic, base creation?
I have looked through many charts that seem to follow no particular pattern, and many more that don't follow the pattern that Luc is advocating that we look for... at least they don't follow it with any degree of consistency that we can count on.
I guess I was asking if anyone has identified charts that are in the ball park of reliability as ETH/USDT?
Once again, ALL charts have this reliability eventually - just be paitent and read the charts daily, eventually you will find the opportunities. Some charts I see prime opportunities in the past, but none currently - thats a fact of life while trading, its not free money, you still need to put in a little bit of work and be willing to take a risk.
With that said, here is an example of a chart which opened up to a great trading opportunity overnight. Once the price dips into the circle, your trade should be +EV if you sell upon the bounce back to the base.
https://www.coinigy.com/s/i/597e0e27c99d3/
Thank you for the reply and the chart share. I agree that I'll have to learn the story of the chart before being able to capitalize on oppurtunity, so I will keep trying to interpret them because apparently my thinking and pattern recognition is currently too rigid.
With the chart you shared, there is no way I would have recognized that base. There are a few instances of similar bounces working out, but it doesn't seem to follow much of a pattern to me. Especially since 12 hours later another bounce happened that was equal to the bounce you underlined, but we ignore that one. I also don't really understand your circle in reference to the underlined base, but I'll keep watching to see how it plays out.
I don't expect you to go back and forth holding my hand on this one, but I figured a response may help increase value for someone else that is struggling to understand this chart.
Thanks again, and all the best!
https://www.coinigy.com/s/i/597e19804d2b9/
https://www.coinigy.com/s/i/597e1a4620dfa/