I`ve made an analysis about FIL coin yesterday where I`ve said that I`m expecting it to reach at least 20$ in a couple of months and said the reason why I think so. For now I`d like to try a thing that I haven`t benn doing since last year - trading. Recently I`ve been only investing because of a lack of time now I want to try to return to the time when I was looking at the chart for at least 10 times in a day.
So as we can see there are couple of divergences on a chart from different indicators such as RSI and MACD histogram. We made a break out recently and we have to test it before going further. The same I`m expecting to see on BTC.
I`m going to add some coins to my long position at 5.6$. I think that price may go lower but I don`t want to miss this opportunity and not to buy at this price at all.
Surely there can be a strong impulse that can break all of this divergences but in my experience it has less than 50% chance of happening. But in case of that I still have an opened LONG position so I won`t miss that pump and a chance to make some money.
Thank you for your opinion. GL
So as we can see there are couple of divergences on a chart from different indicators such as RSI and MACD histogram. We made a break out recently and we have to test it before going further. The same I`m expecting to see on BTC.
I`m going to add some coins to my long position at 5.6$. I think that price may go lower but I don`t want to miss this opportunity and not to buy at this price at all.
Surely there can be a strong impulse that can break all of this divergences but in my experience it has less than 50% chance of happening. But in case of that I still have an opened LONG position so I won`t miss that pump and a chance to make some money.
Thank you for your opinion. GL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.