So HOW do I make MONEY?
The interesting bit of a channel is you know two parts:
1. The money is in making Shorts
2. You need to square off position whenever you hit the lower , when breaks with volumes, enter the short again...
It's a fun play. Play it like a cat and mouse game. And please donate! I am a long way off from my college funds. I don't understand why don't loans cover USD 8000 of initial payments...
I am fine if you don't wish to donate! Just make the money that's ready on the table and spend it well on the most important person in the universe, - YOU! Take it as a gift from me!
Well, I am not going to short because it lacks volumes. It is too discomforting to short at this level as there are no violent moves either in price or volumes. I can safely assume this is a sucker-punch.
The moment high volume or price volatility occurs, I am in Short following the first message!
What does it say? LSK is all getting ready to shoot up while its in its consolidating range. May go up and down, as in the down I quoted yesterday. So it may remain in this range for some time.
When it breaks the top, I shall enter!
Seriously, explains itself. It still obeys the DMZ... Meanwhile, the uptick in BTCUSD has helped prices recover here too!