Fibs are an amazing tool for predictive entries and exits. Upon entry into Trig at 8k Sats due to the fundamental play that Masternodes are scheduled to be announced in early January, we see a bullish price action immediately following. Prices then proceeded to peak (we did not sell here) and retrace back down to .618 where it consolidated as consolidation patterns proceed to form in the shape of a continuation flag. Continuation patterns are a great trading pattern due to the bullish sentiment where any bullish news will prime and active the price action once more. In this case, we see a second run up to 55k sats due to the token being listed on a major exchange - Binance. As we noticed that prices on Binance was trading higher (75k sats), we let the price run its course stagger selling a % at each key fibonnaci point.
Now that we have most of our position exited at an amazing profit, up to ~+700%, we look to reload upon key fib retraces such as .618 for a third run up until the announcement.
Keep your eyes and ears out on Twitter and Telegram for coins that have great announcements coming up and just play the fibs for easy profit. With that being said, I always recommending only trading coins you are willing to hold longterm and that you have entered at a fantastic price to minimise downside risks.
Thank you for the TA lesson! Excellent strategy (buy coins at fib levels for coins you can hold long-term).
BTW: Don't listen to the idiots that say Trig is a scam. They say the same thing about XRP, Verge, EMC2, Sia and many other 1,000%+ gainers.
I don't care if the coins are scams or not (and it's difficult to assess whether or not something is, oftentimes).
I just buy low and sell high to make more Bitcoin. That's the game.