Your idea was great it can be true but that is just speculation it would be great if you share your chart with us ? 
and Speak of the devil the bitcoin just crashed from the week's peak point of 25K to 22K today. More buying opportunities?
Thats a higher low in your chart. I would blindly buy it here keeping a stoploss at 21.2k . (just beneath the previous low).and Speak of the devil the bitcoin just crashed from the week's peak point of 25K to 22K today. More buying opportunities?
I had a buddy who had a trading method like this that he used to trade stocks. He called it a strategy but to me it seemed all he was doing was more or less just guessing.
He was correct for a while, it was like intuition until he became bearish because he expected a double dip recession and ended up losing all his account balance shorting.
You're right there. Almost every strategy involved in trading is a pure guess. I have seen many ppl come up with their strategies like the OP, and they ended up getting failed after working for a while. The key factor here is how fast can you shift your mindset with a rapid moving dynamic market. Sticking with one strategy fails in the end, need to keep changing (which is most difficult part for most of us humans). He was correct for a while, it was like intuition until he became bearish because he expected a double dip recession and ended up losing all his account balance shorting.
