Title: Another Bossian prediction: buy at 6.6k, sell at 8k Post by: Bossian on March 12, 2020, 08:50:01 AM Dear folks https://forum-images.hardware.fr/images/perso/1/shimay.gif
My last prediction was to sell at 8.4k and wait for a buy opportunity. This call played out well, selling at 8.4k was definitely a good move. Now the next move is to wait for 6.5k area (strong support), buy and and wait for the bounce towards 8k area (conservative target). (Stop loss: 5.9k). Two main reasons for this: - Fear index right now is very clear (remember, buying when people are panicking often generates profits) - A lower high is expected after seeing 10.5k and 9.5k lately, that is if the downtrend continues. Remember: just listen to the herd, and do the opposite. Right now, the herd is selling, some think it is correlated to the virus (which I don't think it is, but whatever), the whales will be tempted to buy very soon. Best of luck whatever your next move is! Title: Re: Another Bossian prediction: buy at 6.6k, sell at 8k Post by: exstasie on March 12, 2020, 11:33:31 AM My last prediction was to sell at 8.4k and wait for a buy opportunity. This call played out well, selling at 8.4k was definitely a good move. Now the next move is to wait for 6.5k area (strong support), buy and and wait for the bounce towards 8k area (conservative target). (Stop loss: 5.9k). I could have sworn I saw a $7.5K buy signal earlier. :P Anyway the bulls got slaughtered today. I thought there was a slight possibility of seeing the 200-week MA, but not today, not before a bounce. That was a single 30-minute candle from the $7,300s to the $5,500s just now. Brutal! Glad I was not margin long but I'm bag holding now on some earlier dip buys. What now? :-X |