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Beginners & Help / Reversal trading opposite?
« on: June 01, 2018, 08:06:37 PM »
Hi everybody!
I am not a professional and I tried to understand reversal trading but I do not understand a few things, maybe you can help me?
The green dots are BUY moments and the red dots are SELL moments. These are all reversal trades, Gunbot reports lines like this:
REVERSAL TRADING: The price went up before RT was finished and we have bought back your altcoins.
REVERSAL TRADING: BUYING BTS-BTC at poloniex
But...isn't Gunbot doing it the wrong way around? It is buying high and selling low!!
Also what Gunbot calls "BUYING BTS-BTC" is what poloniex calls "SELLING".
Maybe I do not understand or miss the point of reversal trading? Thank you.
Kind regards.
I am not a professional and I tried to understand reversal trading but I do not understand a few things, maybe you can help me?
The green dots are BUY moments and the red dots are SELL moments. These are all reversal trades, Gunbot reports lines like this:
REVERSAL TRADING: The price went up before RT was finished and we have bought back your altcoins.
REVERSAL TRADING: BUYING BTS-BTC at poloniex
But...isn't Gunbot doing it the wrong way around? It is buying high and selling low!!
Also what Gunbot calls "BUYING BTS-BTC" is what poloniex calls "SELLING".
Maybe I do not understand or miss the point of reversal trading? Thank you.
Kind regards.