Great close here... Seems to me charts work just fine, never let a hater change your style when your style works for you!!!
Looking at the chart, 5/14/2019 I predicted the pivot point to be here at $0.0004s and $0.0005s, it took 3 days to prove true, but here we are... I've been slamming my hands on the table about a bullish divergence in the RSI/MACD and the price action... I've been pointing out typical chart buy signals... If you were listening to me, you were buying... It's not always instant gratification, but I was also never shaken... I've been averaging down instead of panicking or selling... I now hold a VERY sizable position with a very low average... Sure my entry was 2 weeks ago and I rushed my initial buying... But I also know better and phase myself into a position... So no I didn't initially purchase the bottom, but I did average down so that I will share similar profits as those who did...
You'd also be surprised how often charts line up with news and events like note conversions... Charts aren't crystal balls, they don't predict the future, but they do give perspective and assign odds to the scenarios to allow you to navigate your moves you make... They also tell you when they break down and fail so that you know when to cut losses... It is the difference of playing Blackjack and playing Blackjack by the book, but better... One is gambling, the other is gambling by the odds...
Anyways... Yes, charts work!!! I do what I do because it works for me!!! IF you do things differently, cool - good for you!!!
Good luck all, and good weekend!!! See ya Monday!!! Again, good close!!!
We closed by the way at support on the weekly chart and posted tweezers on the daily chart, which is yet another reversal signs...
Guess who's back. Tell a friend!
