@Joy_Bangla_1979 @CryptoChoe Point of control - I think he means, because the market was above 7950 in late May (and we've just broken above 7950 again) the bulls have control for now
@PhilakoneCrypto Can anyone explain what happened in Bitmex? BCH went up ~11% and right back down again.. but Bitfinex looked very different (retraced only about half way)
@wheredabtc @PhilakoneCrypto Yea I'm keen to know as well, I would have thought having lower RSI and nice rejection would mean an entry, or did you expect another wave since this pump was so big?
@hocevar_rok@PhilakoneCrypto Yea I’d really love to know when to use stops because sometimes laddering down doesn’t work for me when I’ve miscounted where wave 5 is (and price moves down drastically)
@Eric13566611 @PhilakoneCrypto Keen to know as well - using Phil’s method I haven’t used strict stop losses much because I keep averaging down, but a couple of times I’ve been burnt when I mis counted the waves and price keeps tanking - would you recommend using a strict stop loss, Phil (for us beginners)?