Are We Done Yet?
So, we have CHZUSD here, and it's still in an uptrend unlike a lot of the cryptos at the moment.
We're currently in a pullback at the moment, and the value is currently in what I think is a buy zone, based on my indicators. My instinct is that I should probably wait for a double bottom to form here and the MACD on the two hour to cross above zero, which should take maybe a day or two before making some higher highs.
As long as we stay above the VWAP center-line, that's when we get at least a third wave here, but I thought I'd ask you all if my analysis is sound. I'm about to head to bed because I'm not a robot, so we could well snap above or below the VWAP while I'm resting, so if I wanted to pre-empt that, is it a sound strategy to place a stop buy just above band one limits?
Probably not. Crypto tends to do the worst things while I'm in dreamland.
We're currently in a pullback at the moment, and the value is currently in what I think is a buy zone, based on my indicators. My instinct is that I should probably wait for a double bottom to form here and the MACD on the two hour to cross above zero, which should take maybe a day or two before making some higher highs.
As long as we stay above the VWAP center-line, that's when we get at least a third wave here, but I thought I'd ask you all if my analysis is sound. I'm about to head to bed because I'm not a robot, so we could well snap above or below the VWAP while I'm resting, so if I wanted to pre-empt that, is it a sound strategy to place a stop buy just above band one limits?
Probably not. Crypto tends to do the worst things while I'm in dreamland.
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