Contrary to the believe that having an RSI above 70 is "overbought". In crypto, we often have the situations where during a big pump, the RSI can be overbought for some time. So, if you don't want to miss on a big pump, you need to focus on those that are having RSI that is above 70 and in overbought position.
Yes I know we are in bear market but opportunities will come from time to time. I don't look for scalping or day trading. I look for big moves. It is not that hard. Make a position, put a tight stop loss and keep adding position as the price moves up and lock your profit all the way up.
You either lost 5-10% of your capital or making possible 100-200-300-400-1000% profit on your capital. A simple and common sense but hard for people to understand this idea.
Smart money always want to make big money and this is even obvious in crypto. You can easily make 5-10x in penny stocks. In crypto it is much easier. Just watch out and grab the opportunities when it comes.
The weekly RSI for XVGBTC is not even above 70. Look at the past two big pumps when the RSI is above 70 and you can see the potential "if and only if" the big pump happens. Trading and investing is all about probabilities and playing with the flow, not against the flow.
Yes I know we are in bear market but opportunities will come from time to time. I don't look for scalping or day trading. I look for big moves. It is not that hard. Make a position, put a tight stop loss and keep adding position as the price moves up and lock your profit all the way up.
You either lost 5-10% of your capital or making possible 100-200-300-400-1000% profit on your capital. A simple and common sense but hard for people to understand this idea.
Smart money always want to make big money and this is even obvious in crypto. You can easily make 5-10x in penny stocks. In crypto it is much easier. Just watch out and grab the opportunities when it comes.
The weekly RSI for XVGBTC is not even above 70. Look at the past two big pumps when the RSI is above 70 and you can see the potential "if and only if" the big pump happens. Trading and investing is all about probabilities and playing with the flow, not against the flow.