Re: [ANN] [USDe] Unitary Status Dollar eCoin $$ IMPROVED Halving | KGW Fix Update!!!
Not sure you understand fully technical analysis.
The 2nd forecast option materialized almost exactly as predicted:
USDe fell through the trendline and hit our target zone 100-120, which was supposed to hold the decline as strong support. The low was 103.
Hence, as a trader, you could have placed a stop around 155-158 and bought back in in the 100-120 zone.
By the way, in technical analysis, the most important thing is to identify possible trading paths of 2-3 lead options. You will never be 100% right on lead route and probabilities, but you can trade all lead alternatives if you have a predefined trading path, like the one mentioned above.
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That's right I don't. Yet. But it would be interesting to know since in cryptoworld it should, if anywhere, play some role to make market forecasts. That's certain that fundamentals are playing lesser part here than in the stock market. After all this is gambling.
Actually I was thinking something like oh well he's giving forecast with 60pct chance going up from say 180 to 300 and 40pct chance to go down from 180 to 110. So that would give something like 0.6x(300-180)= 72sat and 0.4x(180-110)= 28sat. And so holding my pot gives better EV for my investment, I hold and head for the pub.
But certainly there were some borders given that if it goes to 150 it probably goes to 100. I understand what you are trying to say... I'm not dumb.
I was in London one week. Nice place and good fish and chips in the pub with pint of ale. Ate that every day.
The 2nd forecast option materialized almost exactly as predicted:
USDe fell through the trendline and hit our target zone 100-120, which was supposed to hold the decline as strong support. The low was 103.
Hence, as a trader, you could have placed a stop around 155-158 and bought back in in the 100-120 zone.
By the way, in technical analysis, the most important thing is to identify possible trading paths of 2-3 lead options. You will never be 100% right on lead route and probabilities, but you can trade all lead alternatives if you have a predefined trading path, like the one mentioned above.
[/quote]
That's right I don't. Yet. But it would be interesting to know since in cryptoworld it should, if anywhere, play some role to make market forecasts. That's certain that fundamentals are playing lesser part here than in the stock market. After all this is gambling.
Actually I was thinking something like oh well he's giving forecast with 60pct chance going up from say 180 to 300 and 40pct chance to go down from 180 to 110. So that would give something like 0.6x(300-180)= 72sat and 0.4x(180-110)= 28sat. And so holding my pot gives better EV for my investment, I hold and head for the pub.
But certainly there were some borders given that if it goes to 150 it probably goes to 100. I understand what you are trying to say... I'm not dumb.
I was in London one week. Nice place and good fish and chips in the pub with pint of ale. Ate that every day.