They keep trading... it keeps going higher. Grab the 50's.
评论
simonklasz
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Are you predicting price will rise to the next target level of about $200 here in the near term?
tradedevil
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@simonklasz, There's an algo attached to this price action. It's target is $194. Unless the 61.8 breaks any pull backs will be bought. I try not to make "predictions" I just follow the algo footprints. By the way, algo's in the market is good news, as "they" are predictable.
simonklasz
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@tradedevil, once the new price target target of about 194 Hits , according to algos will price retract back to the 160s or take off past 200?
tradedevil
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@simonklasz, No way to know. If it tops, you draw the next extension. If it blows through... you keep the same anchor and draw from the next new high. That's how the algo attached to this price action will respond.
simonklasz
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@tradedevil, sounds right ! I will be traveling this weekend and won't be able to watch and trade so I'm hoping keeping half my position in right now will be a good choice . When you say tops that corresponds to hitting the previous resistance level ?
tradedevil
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@simonklasz, By tops I mean if it hits the 194 target and starts to pull back.
simonklasz
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@tradedevil, if it tops where can we except it to pull back based on the chart ? Back to consolidation zone 150s ?
simonklasz
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@tradedevil, do you use the Algo footprints for trading other cryptos , is the accuracy usually close ? I never used them
tradedevil
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@simonklasz, Only the majors. You need volume for these patterns to maintain accuracy and the big players aren't f*cking around with random alt coins... Stay with the top 5-7 in trading volume. That's where they play...