If we’re talking mid to high cap coins, learn basic TA. Take profits at levels of support/resistance, or simply whenever you’re comfortable taking profit.
Illiquid shitcoins? Take profit whenever. A standard approach could be take out your initial at 2x or 3x and let the rest ride. Assuming you get to 2x in the first place.
Just getting to learn a little more on TA, the few basics I know I‘m trying to use logically. Also looking at charts like the rainbow or the power law and trying to find where we are in this cycle.
But for the kind of static trigger matrix that I am thinking about, it feels like cherry picking from different historic support/resistance floors.
I‘m kinda deep in the tech of each coin and DLT itself, and just learn a little more about the MAs, bands, crosses etc.
But on a long term it‘s quite impossible to set what seems like realistic price targets in relation to the halving cycle, at least for me. It feels like we are way too high up already for this moment in time.
Fibonacci extensions really help me
If we’re talking mid to high cap coins, learn basic TA. Take profits at levels of support/resistance, or simply whenever you’re comfortable taking profit. Illiquid shitcoins? Take profit whenever. A standard approach could be take out your initial at 2x or 3x and let the rest ride. Assuming you get to 2x in the first place.
TA is stupid as fuck people would be trillionaires if TA actually worked, but it doesn't
Thank you for your input
I agree that standard ta is stupid. But quantitative and statistical analysis can be used. Just look at Renaissance Technologies.
Just getting to learn a little more on TA, the few basics I know I‘m trying to use logically. Also looking at charts like the rainbow or the power law and trying to find where we are in this cycle. But for the kind of static trigger matrix that I am thinking about, it feels like cherry picking from different historic support/resistance floors.
Learn to read charts, make estimates off timeframes, learn what the ATH and ATL is, what is the competition tech wise, if any etc.
I‘m kinda deep in the tech of each coin and DLT itself, and just learn a little more about the MAs, bands, crosses etc. But on a long term it‘s quite impossible to set what seems like realistic price targets in relation to the halving cycle, at least for me. It feels like we are way too high up already for this moment in time.