The price of crypto coins is mooning and I have decided to apply the TOSOPTION algorithms to a few popular names such as Doge, ETH and many more. The algorithm does a great job in identifying asymmetric moves and short term pull backs and potential crashes; however, the algorithm does not do a great job in identifying Max target to the penny - i don't think algorithms can do such things. Regardless, one way to identify MAX target is to use a Fibonacci extension. Based on the current status of the algorithm, it continues to maintain a LONG position and it is a matter of time and price to decide when to close partial of full position. Keep in mind, markets move in cycles and retracements can develop up to 50% of the initial move. If 50% retracement can happen, then risk managing profits into strength and psychological targets is good practice similar to brushing your teeth every morning and night.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.