Siacoin almost finished correction after reaching our previous TA targets and bounced from our last target, 0.00000314 showing strength to hold the bearish movement. New targets confirmed now and Sia will start a new bullish movement. Breaking the upper-line of the bearish channel will release a strong movement for Siacoin.
My Advice: Don't panic from the dump in the market and Don't sell. we will reach our targets. We exit only when our Stop loss is activated and its very hard to be activated before our targets.
Don't watch every single movement of the price and It's better to stay away from your Computer. Patience = Profits
Good Luck
Giao dịch đang hoạt động
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Nice area to buy
Bình luận
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0.00000313 bounced the last dip again New bullish channel in the process of formation The price failed to back to the last bearish channel and to failed to break the lower-line of the new channel. All the above is very nice bullish indication for the incoming movement.
Thanks for the analysis. I've been building my holdings since mid December and waiting for a break out like this since! Care to share some insight into what your strategy is when determining what percentage profit to take on each goal? Trying to find a good balance between leaving coin in long term but getting out of my position's risk. Good luck!
M-Adel
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@hello-electro, hello bro, Thx for ur constructive comment
90% of my analysis depends on classic technical analysis (tops, bottoms, trends, channels), depends on price movement behavior and this come from long experience with the market
depends on Fibonacci mathematical tools.
only 10% depends on indicators and not more 10% because indicators can tricks u without good filter and the best filter is CLASSIC analysis
hello-electro
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@M-Adel, oh sorry. I was actually referring to deciding how much to sell for profit at each target, not how you come up with the target itself. Sorry for the confusion! For example you ladder up taking a different amount of profit each goal? Or do like aiming for a specific percentage each time? Thanks much for your insight!
M-Adel
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@hello-electro,
it's recommended to close a % of ur trade with each target it will help u also in case of reversal movement:
let's say u closed 33% of your trade at 1st target, with this part u can re-buy again from the previous level
and then you can benefits from dips which happened during the primary trade
and u can close another 33% at next target
and left the rest of your trade for long run
another advice with each target reached, make your trade safer by moving SL forward at Entry point and then if u lost u will loss zero :)
the most key to make profit in this market is PATIENCE
hello-electro
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@M-Adel, got it! When I started focusing more on trading for profit vs buying coin to hold, I noticed that my weak point was committing to taking the profit! I wasn't planning ahead of the trade so kept getting caught in emotion based decisions and wanted to keep the trade going. Of course you know that leads to holding bags! I'm still very much a student and appreciate the advice!
fallengt
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Why do you use poloniex's chart? They have deposit issue.
Bittrex's chart is more accurate