BitcoinShort
First trendline crossed
This TA is a part of my last one I have published. To understand this btw. the other you need to check both.
...so here's the link: tradingview.com/v/Q0vJiRGN/
(and for all those even don't know me yet, sry but english isn't my first language, and I hope I don't sound like a complete idiot ^^)
Let's have a short view to this one:
We have crossed the most optimistic trendline from the last year. This line even crossed a median. On this action followed a crash down to ca. 340$, hit there the median of our channel and bouncing up by getting ressistance from our trendline incl. channel median.
The question now we all have in mind, will we follow the channel I draw, or will we need to find our oldest trendline.
I have no clear answer for you, but what I guess: I will be something from both. The point why you will better understand by have a view on my last trading view, also showing the showing the trend of the last years. tradingview.com/v/Q0vJiRGN/
....but one point is there missing. The view which will decide if we cross or bounce. Even if we go from here sideways we will have a high risk to pass our channel which will give us the confirm that we also finnished that one and need to find a new support level.
Here another TA "supporting" the idea of a comming downtrend.
tradingview.com/v/ls2iyvlh/
(there you'll find also a trading theory about market is like an organism btw. ocean and creating waves. ....unfortunately I missed there to inticreate the MACD indicator which is even beginning to crossing. But I guess you know how to implement it by yourself. ...if not feel free to ask.)
What does this mean?
The next days where very critical. And we even have some new out which could "help" to bring the price down.
-Ghash.io (lot's of bad news all over the media in different languages. ....it's a huge damage in trust)
- the auction (new coins flooded into the market)
-today problems with the API of many trading sides.
...so here's the link: tradingview.com/v/Q0vJiRGN/
(and for all those even don't know me yet, sry but english isn't my first language, and I hope I don't sound like a complete idiot ^^)
Let's have a short view to this one:
We have crossed the most optimistic trendline from the last year. This line even crossed a median. On this action followed a crash down to ca. 340$, hit there the median of our channel and bouncing up by getting ressistance from our trendline incl. channel median.
The question now we all have in mind, will we follow the channel I draw, or will we need to find our oldest trendline.
I have no clear answer for you, but what I guess: I will be something from both. The point why you will better understand by have a view on my last trading view, also showing the showing the trend of the last years. tradingview.com/v/Q0vJiRGN/
....but one point is there missing. The view which will decide if we cross or bounce. Even if we go from here sideways we will have a high risk to pass our channel which will give us the confirm that we also finnished that one and need to find a new support level.
Here another TA "supporting" the idea of a comming downtrend.
tradingview.com/v/ls2iyvlh/
(there you'll find also a trading theory about market is like an organism btw. ocean and creating waves. ....unfortunately I missed there to inticreate the MACD indicator which is even beginning to crossing. But I guess you know how to implement it by yourself. ...if not feel free to ask.)
What does this mean?
The next days where very critical. And we even have some new out which could "help" to bring the price down.
-Ghash.io (lot's of bad news all over the media in different languages. ....it's a huge damage in trust)
- the auction (new coins flooded into the market)
-today problems with the API of many trading sides.
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