Cashing out tips and strategies are very difficult in a volatile environment. In reality, you have to play a game against robots and software, and I find it very difficult to declare victory over them. That said, my strategy is very simple. It is simple, because simple ideas work best. I am not trying to take advantage of price changes in the short term, thus, I m trying to buy my coins at very specific price ranges and then holding them until the price goes to a range where I want to sell.
So my effort is to find these buying/selling ranges and then have the strength in me to implement my strategy because strength is needed. So how do I find these price ranges? I will not speak about past results, but I will speak about the present situation.
I believe it is not possible to use value investing, technical analysis, or Elliot wave theory the way we use them in the stock markets. What we can use, is a technical analysis of the long term. I am not sure if this term is correct or not, maybe it is not. But what I mean here, is use technical analysis to find supports and resist lines, and when we get near them, buy or sell respectively.
So in the current situation, I will show a very well-identified triangle that gives very nice entry and cash-out points. You can find this triangle and the strategy I use here:
https://arbusers.com/index.php?topic=7174.msg76745#msg76745So when we go to the lower side of the triangle, we buy. When we go to the upper side of the triangle, we sell. It is that simple.
But here, as we are closing at the corner of the triangle, it is evident that we are nearing a make or break point. This is a very difficult position because it is a decision point.
At this point, I believe that most odds are for keeping my coins, waiting for the upper side of the triangle to break. The risk-reward ratio is very good. The resist line was tested twice, and the more is tested, the more possibilities it breaks.
Sorry for the long post.
