Could we be at the bottom of a cup and handle
Updated
Of course this is a very forward thinking idea, but with high risk come high rewards ... just thinking, what if we are at the bottom of a cup and handle?
If we are, I would buy now and hold until 14000, wait for the handle to form again and buy back at around 13500 and then ...
This is a high risk strategy... but, if it works ... :)
Keep an eye on the cup and handle, if neither works then everything falls apart.
Keep updating your stop order to a little below 10% the current price so you can get out asap
If we are, I would buy now and hold until 14000, wait for the handle to form again and buy back at around 13500 and then ...
This is a high risk strategy... but, if it works ... :)
Keep an eye on the cup and handle, if neither works then everything falls apart.
Keep updating your stop order to a little below 10% the current price so you can get out asap
Note
(sorry my update was posted as a comment earlier)Looks we are getting very close to the bottom of what would be the bottom of the cup, (if there is one).
If we go down further, I would pull out and assume that the theory was wrong...
Although I still think the coin will recover, it doesn't look like a posible cup and handle anymore... the next 8 hours will confirm or not.
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