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Brokemillwright

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Brokemillwright

Re: trunkmonk post# 35921

Thursday, 04/18/2024 10:27:36 PM

Thursday, April 18, 2024 10:27:36 PM

Post# of 35971
I thought you were a chart guy. This just popped up a few days ago on a program i pay for. A free YouTube I watch has had a target of .04-.24

This is a perfect example of how technical analysis provides the framework, allowing you to make entry decisions based on scientific weight of evidence. Even with the evidence, it doesn’t always work out, but it definitely improves success rate. In this case, helping us to avoid an entry based on emotion (we never got anywhere near a breakout and my $0.84 entry point).

That’s the end of ‘Ripple Watch’. Requirements for future crypto trade set-ups include a breakout above current resistance levels and the ‘Total2’ chart breaking out versus Bitcoin (thus confirming a high probability of ‘alts’ beating BTC). The requirements for considering a new BTC trade are shown here

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