Hi Luc. Firstly thanks for all the effort you put into making these videos. They're incredibly helpful. Please can you include some tips on how to trade on a flat week (sideways trend)? i.e the chart is not cracking the base
RE: Daytrading vrs Position Trading, which will make you more money?
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Daytrading vrs Position Trading, which will make you more money?
I have never seen a week where there was not a base cracking on something.. there is always something taking a dive.. you just have to have the alerts set on all the coins and you will be soo busy you will have a hard time keeping up
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hey luc, thanks for helping all of us starters out.... is A or B a base?
I think A is the base but etherum hasn't hit back yet so im wondering where do you think it will hit back up to?
and if B is the base, can you explain why?
https://www.coinigy.com/s/i/59780cde2af5e/
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Only B.. (a) was too small a bounce to signify strong support at that price, so not a base..
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@quickfingersluc: I suggest including examples like this when you compile your F.A.Q. This seems to be the most common error made. I use the measure tool in coinigy to assure the bounce is strong enough to signify support, once I started doing this rather than eyeballing charts it became much easier to determine where a base truly exists.
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how do you use the measure tool? what is it exactly and what is your criteria?
Thanks! and Thanks to you too luc!
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Measure tool does exactly what you would expect it to do - measure time and percentage change. Criteria is different for every chart, look at the past to predict the future.
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Thanks! what determines a " strong support " ??
Also, how soon d you usually wait to sell on a position trade? Are there any rules like always sell when you close for the day? ETH hasnt hit back up so itll take some time. but how long is " too long" ??
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