So i've been looking on alot of coin charts today on high timeframes 1D / 3D and noticed that ALOT of coins is following the market cycle really nice and we still have along way down to fall.
We seem to be at either the Complacency, Anxiety, Denial stages and in some, Panic.
Once we reach Depression i will buy alot of coins.
So my strategy now is to trade the retracements with short gains and tight stops.
Zoom out 1D / 3D Charts, Try to figure out were we are in the cycle and if you do it right, you can get really good entry points on alot of coins.
Here is the Wall street. Cheat sheet:
http://wallstreetjackass.typepad.com/.a/6a00d8341c7ae753ef01348518e964970c-pi
We seem to be at either the Complacency, Anxiety, Denial stages and in some, Panic.
Once we reach Depression i will buy alot of coins.
So my strategy now is to trade the retracements with short gains and tight stops.
Zoom out 1D / 3D Charts, Try to figure out were we are in the cycle and if you do it right, you can get really good entry points on alot of coins.
Here is the Wall street. Cheat sheet:
http://wallstreetjackass.typepad.com/.a/6a00d8341c7ae753ef01348518e964970c-pi