Hi guys,
here is a low risk strategy to make money in crypto, all you have to do is buy the coin when the RSI at the bottom, and the price is at one of those supports, wait for divergences, or a selling climax, and you can start laddering in. then you simply sell when rsi and or price hits the next zones, and buyback at the last zone, then sell at the next zone again. buy the bottom sell the top.
When everyone says, this coin will never see below (insert randomly generated price) because of x fundamental reason, or people just realize how much its worth now, or wow this coin is worth so much I think that after the announcement next friday that they announced last friday that they will announce something in two weeks, and all of those hype countdown tweets, and every time there is a hype tweet the price pumps, I'm gonna hold till after that announcement to see if this coin makes another new all time high after the current all time high, because whatever they are announcing must be amazing, no one would ever hype up an announcement so much if was just some random announcement, it defies logic, they would just make the announcement without even having to announce that they were going to announce it. then its probably time to sell as well.
This isn't a buy signal for OMG by the way, there is always the risk we go down to $2.50 from here, but obviously its the best, most low risk time to buy in relation to the chart. actually we have about 5 days for all of these top alts to pump or I will start feeling a bit scared. This leads me to the next item:
Another thing you have to watch out for is emotions, these little bad boys are the best free indicator there is, you don't even need to upgrade your membership for them. if the indicators and price action are giving buy signals, and you feel scared, that's time to buy. and when your indicators are giving you sell signals, and you want to hold for more greed induced profits, then I am afraid (lol) it is time to sell.
When you go to war the primary goals are this: 1. keep your troops morale high (well fed, happy, and healthy) so they fight for you with all of their energy, you are the general, your mindset is the cavalry, and your capital is the foot soldier, you need boots on the ground for a successful campaign. and 2: to, To not lose any battles, the goal is not to win every battle, but to win the war, because you don't get to lose the war twice, but you can retreat from engagement when it is necessary. reflect on this when you have time.
I hope this idea helps you to not get rekt, or to at least minimize your getting rekt potential in the future.