POSSIBLE BTC DIRECTION BY A NOOB(NEWBIE) - JUST AN OPINION
Updated
I have been "playing" being a learner with lines, high and low points being in mind the H & Ss', the Ws', the RSI and just watching the direction of things. I actually did put a trade in based on the chart but chickened out like the noob(newbie) that I am.
Started with this at about 6am CET and been watching this thing. If this pans out, depending on which direction at the end of the triangle or it breaks out of it...well, we'll see.
I don't know much yet as I am just getting into the learnings of all things TA but have been inspired by some people in the chat room and hopefully will get much better.
As I said, this is just a trial and just My opinion, not an advice, so please I can't answer any questions about it, but I'll appreciate any feedback towards getting better.
Many thanks.
Please like if you enjoy :)
Started with this at about 6am CET and been watching this thing. If this pans out, depending on which direction at the end of the triangle or it breaks out of it...well, we'll see.
I don't know much yet as I am just getting into the learnings of all things TA but have been inspired by some people in the chat room and hopefully will get much better.
As I said, this is just a trial and just My opinion, not an advice, so please I can't answer any questions about it, but I'll appreciate any feedback towards getting better.
Many thanks.
Please like if you enjoy :)
Note
So far so good. Chart been playing nice, in a narrow range as expected. This next few mins is a deciding moment, it either breaks up or down but whichever way, its gonna go bang.Note
Well, there you have it, It looks like it decided to break downwards with a bang! :)Note
I was clearly unexperienced when this was posted. But there's a simply strategy that works and all it takes is time and patience. When RSI hits btw 20 and 35 on a strong support on a 4hr chart, one may buy on a green opening candle in a 30min chart frame. Just give it a week or 2 and you should be in profit, key don't get greedy. Be sure to take profit. DISCLAIMER: This is not a financial advice and I am not in a position to offer one. This is just my opinion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.