Look at 1hr and 4hr Emas. Regardless of the news there should be a nice uptick due to scanners.
Don’t be greedy, every coin is a shitcoin.
Look at 1hr and 4hr Emas. Regardless of the news there should be a nice uptick due to scanners.
Don’t be greedy, every coin is a shitcoin.
What is scanners?
Is there point in fomoing anymore
A lot of retail traders buy/sell based on signals. Things like ema, stoch rsi, MacD, etc are examples. For longer time frames hordes of npcs will buy in when particular signals are hit (including the generic ones every brainlet knows), but it more so because some traders set up their trading bots to buy in. Generally there’s always at least a spike, but not necessarily a guarantee of a trend.
I see. How many traders do you think trade based on short time frames (3m, 15m) vs 1h or 4hr?
Isn't trading short term more profitable right now since there isn't really much new money coming into the market? What benefit does one have to make his bot trade 4hr?
>Sell the news...
Idk. But, shorter time frames = more noise = signals are less reliable.
It’s a lot less stressful to just buy based on longer time frames, some guys are good at day trading off every little candle but that doesn’t work for me. Buying based on a longer timeframe doesn’t necessarily mean holding for a long time frame btw. You can wait a few weeks/months for the bottom of a 1D chart and get a sick trade that takes maybe a day, maybe few days to complete.
Gotcha thanks man
lol user
I mean, since he bought in wave 2 is starting now... so, not bad?