This was an example of a perfect trade executed on the XTZ/BTC chart. Those who followed our signal are now over 16% in profit, and that's without counting LEVERAGE first. We believe Tezos will continue to move inside the compression range, i.e. the turquoise Bollinger Band. Further downside is to be expected, and if you have shorts opened, do not close the ENTIRE position at the 50 daily moving average.
Many signals providers supply you with multiple signals daily. They prefer quantity over quality, and in consequence usually a big portion of the signals fail. They get you to build a house of cards; small profit after small profit after small profit. Not only is that time consuming without a trading bot, but also the other way around. You should strive towards small loss, small loss and then BIG win. At MeowSignals, we pick quality over quantity. One successful signal is big enough to cover ten losses and keep you going for weeks. We don't know when, we don't know the chart, we don't know how often. But hang around, because they DO come. Cheers.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
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.