BTCUSD wait and short
Updated
Hello.
Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted.
Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too
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So according to channel it`s possible to get to 5300+ in process, following the resistance. Then i`ll wait good correction in direction of 3500 . This conclusion was made without considering the fork. TA sign are strong. My observations says that for a long time chart goes under TA control.
In addition i want to say, that this situation makes me think, that TA is absolute. Yesterday i was talking about psychological barrier, and it was broken like a glass. Some says that FA works good, but all previous movements were done according to TA. Let`s wait till the fork. Im really interested in the result of this competition between TA and other methods of analysis.
Profit for everyone:))
Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted.
Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too
So according to channel it`s possible to get to 5300+ in process, following the resistance. Then i`ll wait good correction in direction of 3500 . This conclusion was made without considering the fork. TA sign are strong. My observations says that for a long time chart goes under TA control.
In addition i want to say, that this situation makes me think, that TA is absolute. Yesterday i was talking about psychological barrier, and it was broken like a glass. Some says that FA works good, but all previous movements were done according to TA. Let`s wait till the fork. Im really interested in the result of this competition between TA and other methods of analysis.
Profit for everyone:))
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