Noice trade
its all about that decline and how you maneouver on into position to take advantage
it's the rhythm that you have to exploit
thanks for explaining how it works with this percentages etc
I noticed you have done a trade like this based on timing? e.g using the length of the previous rallies to judge entry / exit points
would love to hear more about that
Duration is another thing that is exploitable that ryan touched on in one of his posts. Duration, percentage increases, percentage declines, volume, those are the true patterns of a market becuase they are the only things that can be measured and quantified, because they flow in cycles like ryan says
Those things all combine to form the rhythm of price movement. Sometimes it may be just a recurrent pattern of percentage declines that will make a trade so obvious, but then if you also have a recurrent duration of a rally, from start to finish, that is also another giveaway
As far as timing goes thats more to do with marking resistance levels and buy support levels
If you go on bitcoinwisdom.com and you click on the bitstamp chart, you will see ryans theory play out in real time. Every time huge buy support begins to stack up, the price falls immediately because buy support doesn't "support" those looking to get in it "supports" people who are looking to get out with profits
it's all a backwards thing
Simply, the only reason you would buy into a coin in the first place is because you expect to be able to sell it to someone else at a higher price. That in itself is manipulation or the attempt to profit because of manipulation.
You have to be fully aware of the fact that if this was a market based on morals, and honour the price of a coin would never change. Every altcoin would have one sticker price, and thats it. Clearly though, this isnt the case...
... In fact, prices change on a constant basis in the crypto currency market. This is because perceptions change on a constant basis.
+ 1
perception changes before the price so if you have a good method on following perception you will always be ahead of the game