, thanks again for the great video. I'd love to see Bitcoin go back to $3k and fill that gap.
I have a question for you about position trading. I often see that when a coin breaks it's base, it will drop twice and then return to the base twice.
For instance, take this chart of Bitcoin this past weekend. I know you had it lower, but if you were to call 4500 a base, it dropped to ~4000 twice before returning to 4500 twice.
Do you only buy the first drop?
https://www.coinigy.com/s/i/59b1ff5a2acde/
I ask because I bought in pretty big for ETH this weekend seeing 335 as a base (i know you had it at 275). I had my sell orders slightly above 333 and went out for the day. I came back later and things had already dropped back down to around 300.
I didn't know if they'd head down to the 275 base, so i dumped it all for a very small profit. Then it rose back up to 335 and beyond.
Should I trust that i'll only return to a base once? Is the second attempt considered gambling?
Thanks!
RE: Bitcoin shows extreme strength, lets look at big picture