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
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.