Does it work in this case? Yes, as you're about to see, it does indeed work, however I don't want you to think, I don't want to come across as somebody that's trying to portray that hey, if you let me teach you how to use charts, then you're gonna just, it's gonna be easy money, it's gonna happen so fast because this is the secret sauce, this is the secret strategy, no. They are a tool, they are used to manage the unknown, but like anything else, nothing is ever gonna be right. If something was always right, then by definition it wouldn't work anymore, because everybody would do it, which would just kind of convolute the effectiveness of it.
So let's just go through it, and you're gonna see like I said, you saw the video, you saw me using the chart to talk about kind of the things going forward, so let's just kind of sit back and then see how this all unfolds. So, as time goes by, and again each one of these represents 30 minutes of time. So 30 minutes is going down and obviously the key level to keep an eye on is that 78-cent mark, as that is what I really kind of base the whole analysis on in the premise that you heard me talk about. So the price is just kind of chugging along, and all of a sudden, the bears start to show up. Price starts to drop, now the price is starting to drop that much more. And now things are getting really rough. I mean, to think that not that long ago, the price was up here around 90 cents, now it's all the way down there, and you can see the price is dropping pretty quick. It is approaching the green line support, which I talked about, and right there, went down to a low of .79594. So let's just call it right there at essentially 78, and then right there you can see that right there once again, at a basically 78 cents, as far as where these lows are. The low of this one was right there at .77802, so we'll round up and there it is right there at 78 cents, and you can see now the price has started to show some signs of going sideways, some signs of consolidation, so we'll just kind of let things unfold there. And you can see now, what a coincidence, I mean when you really stop and think about it, the price rolled over and was going down, and down, and down. What a coincidence, what a coincidence right there. This is why I laugh, this is why you should always look at people with a skeptical eye that says, charts are worthless, charts are a total joke. Past history tells you nothing, that's all based on old information. Now you should also look at somebody with a skeptical eye if they're saying, yeah, charts work all the time, charts are the holy grail, charts are the secret sauce, no. There is definitely a middle ground there. And I am trying to convey, the middle ground is that yeah, they have their use. It's not always gonna work, but they have their place, and when you can understand a chart, you are able to outline and manage risk and reward and all that good stuff. So watching the rest of this unfold, and we'll kind of get to it, but you can see the bounce there continues, and it continues and it goes all the way up as high as a $1.02. And I ran the calculations on that, and that was a 31% profit window. Now, am I saying that you would have absolutely nailed and capitalized perfectly on this 31% right here? I am not saying that you would have nailed 31%, but let's say you maybe played it half right. That's still a nice 15% gain all in the period of basically just a few hours. So I mean a few hours and getting 15%, heck, let's just say you only got eight, nine, 10% on it. Given the context of it all happening in the same day, I'm pretty sure you can't walk down to your local bank. I mean you can, and if you do do this, please record it, but hand your, the bank teller some money and say, hey, I want an 8%, I want a 9%, I want a 10% return by the end of the day, and record their reaction. They're gonna look at you like a crazy person. So keep things in context, a very nice move happened here, and this was all based on the chart. And like I said, none of this happened in hindsight, the chart was posted, you heard me talk about all this, and then surprise surprise, right off of 78 cents is where the price bounced, leading to, as you see here, a 30% profit window where even if you didn't play it perfectly, still plenty of opportunity to make some money, and that's the name of the game.
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AuthorCasino online player at https://casinoslots-sa.co.za/ gambling master and computer geek. Other online gambling reviews
March 2019
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