GBYTE has a perfect chart.. it cracked its last base at .14 and dis that with an obvious panic all the way down to .10 which is psychological support. You cannot ask for an easier, more perfect trade.. and you got in at .118 which is great, right in the safe circle.. then there was a bounce back to .14 as you might expect.. and now its trailing back down to test the new .10 base it formed...
That initial reaction bounce from .10 to .14 was 40% but I would not be surprised to see this bounce again back to the .16 or .18 area, since there was alot of buying interest up there.. but if it cracks .10, there will be a major panic, and a great opportunity for us, so im setting my alerts for the .06s and below
so there's no base at 15? Also it seems we should use a margin of error for bounces of few percents, cause I often see bounces where it stops right before the base or a bit lower.
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yup, i agree.. 15 also looks like a base.. that was a big surprise when it dropped through those prices, and thats why there was a great panic to .10.. likely we will still see a bigger bounce coming
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But the bounce has not come back to the base and from your video, you say that if it doesn't then it's not following the pattern so it's time to get out?
https://www.coinigy.com/s/i/598c730e6a649
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You should go rewatch the video..
First it did bounce back, the base is debateable, its 14ish, there is no exact numbers here.. thats not how it works.. You cannot just expect every bounce to get to an exact number and turn around.. you have a huge margin for profit on every trade.. in this case from .10 to .14 thats a 40% window where you can get in and make profit.. So in this case it did get pretty close to that .15, and still might bounce past it soon.
second, even if something bounces and missed its previous base by a few percent , that doesnt disqualify it, that would only be one error on the chart, and i need atleast 2 to disqualify it.
third, even if I do disqualify it, I dont sell at a loss, I just dont buy more.. I stop buying, and give it a chance to correct the error.. Some bounces do take longer to play out.
And in this case it will likely bounce again still because the chart shows a good history of buyers taking over and spiking the price..
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