Global Social Chain (GSC/BTC on Huobi) 80%+ spike incoming?

6 ส.ค. 2020

Some tokens on Huobi are very spiky. Predicting these spikes is incredibly hard, and something I'm working on long-term.

But for now, I found an interesting pattern by eye on the GSC 3-day chart.
Oversold conditions (you can't really call it a signal) stop just before the big spikes. In other words, the last 3 times out of 3, buying when the 3-day oversold signal disappears has been a highly assymetric risk (earlier in this token's history this correlation didn't work very well, I think because it took the trend measurements a while to adjust after the very quick 95% drop from ATH.)

Will it be 4 for 4? I don't know, but I'll be in it to find out.

Indicator used: Price Action Trend Overlay | Simple with default settings.

6 ส.ค. 2020

การซื้อขายยังคงดำเนินอยู่

Entered at 52 sats.

23 ส.ค. 2020

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

A highly asymmetric risk, but a significant one nonetheless. Stopped at 45 sats.