TheKing play safety
Updated
- i will try to explain how to play cautiously when we are in this kind of incertitude.
- i always try to make some posts to teach peoples how to grow, avoiding multiple rekts and i also learn myself from others peoples everyday as well.
- Right now we should be in a consolidation phase, but it doesn't mean that we won't get another dip lower, so have to be very cautious.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
EMA's Method 2021 :
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
- So if u look my graph in 2021, BTC dipped from 65k to 28k
- BTC dipped under Green EMA50 (50D), then dipped under Orange EMA100 (100D) and finally under EMA200 (200D).
- With this Dip you can see on Graph Multiple EMAs Death Crosses :
- Green crossed Orange
- Green crossed Red
- Red almost crossed Orange
- Basically what you have to follow is the most important EMA. EMA200 Days, Red One, the most difficult to break.
- When TheKing is under that EMA or get rejected, it means we are still bearish.
- After the Dip you can see TheKing made multiple bounces and tried to break Orange and Red EMAs.
- Then finally BTC broke up EMA200 and started to bounce up on it. ( Buy Time )
- Multiple EMAs Golden Crosses will show a new bullish movement.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
EMA's Method 2022 :
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
- in 2022, the same scenario is repeating ( and basically it's always the same for years....)
- TheKing dipped from 70k to 33k.
- Again with this Dip you can see Multiple EMAs Death Crosses :
- Green crossed Orange
- Green crossed Red
- and this time Red crossed Orange.
- After 2022 Dip you can see TheKing again making multiple bounces and trying to break Orange and Red EMAs and got rejected.
- So the basic method is to wait a strong break of the Red EMA (200D)
- After this break we need at lest 1 confirmation ( TheKing have to bounce on it ) ( Buy Time )
- Multiple EMAs Golden Crosses will show a new bullish movement.
- so if you try to look inside the crystal ball. right now a good buy could be around 47-48k.
- For now there's nothing to play out.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
What is very important to understand is sometimes there's nothing to trade !, sometimes the best method to trade is to not trade at all and wait.
- "Patience is the ability to count down before you blast off"
Happy Tr4Ding !
- i always try to make some posts to teach peoples how to grow, avoiding multiple rekts and i also learn myself from others peoples everyday as well.
- Right now we should be in a consolidation phase, but it doesn't mean that we won't get another dip lower, so have to be very cautious.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
EMA's Method 2021 :
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
- So if u look my graph in 2021, BTC dipped from 65k to 28k
- BTC dipped under Green EMA50 (50D), then dipped under Orange EMA100 (100D) and finally under EMA200 (200D).
- With this Dip you can see on Graph Multiple EMAs Death Crosses :
- Green crossed Orange
- Green crossed Red
- Red almost crossed Orange
- Basically what you have to follow is the most important EMA. EMA200 Days, Red One, the most difficult to break.
- When TheKing is under that EMA or get rejected, it means we are still bearish.
- After the Dip you can see TheKing made multiple bounces and tried to break Orange and Red EMAs.
- Then finally BTC broke up EMA200 and started to bounce up on it. ( Buy Time )
- Multiple EMAs Golden Crosses will show a new bullish movement.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
EMA's Method 2022 :
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
- in 2022, the same scenario is repeating ( and basically it's always the same for years....)
- TheKing dipped from 70k to 33k.
- Again with this Dip you can see Multiple EMAs Death Crosses :
- Green crossed Orange
- Green crossed Red
- and this time Red crossed Orange.
- After 2022 Dip you can see TheKing again making multiple bounces and trying to break Orange and Red EMAs and got rejected.
- So the basic method is to wait a strong break of the Red EMA (200D)
- After this break we need at lest 1 confirmation ( TheKing have to bounce on it ) ( Buy Time )
- Multiple EMAs Golden Crosses will show a new bullish movement.
- so if you try to look inside the crystal ball. right now a good buy could be around 47-48k.
- For now there's nothing to play out.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
What is very important to understand is sometimes there's nothing to trade !, sometimes the best method to trade is to not trade at all and wait.
- "Patience is the ability to count down before you blast off"
Happy Tr4Ding !
Note
PS : - The Violin EMA is EMA300 Days ( almost same as MA200)
- Mostly used to find the big support zone on Weekly Timeframe ( BLX )
Note
Weekly Supports view using EMA300D :
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.