Bullish biased patterns ICP
I am in the opinion that we are in a pre bull market in general in crypto, so im looking for bullish patterns.
I spotted a so called "Descending broadening wedge" on the 6h chart. If this pattern were to play out we should reach between 13 - 14 dollars before the next local resistance level.
The market isnt going to make it easy if you are a trader, thats why i dont play that game. Im invested/staked for the next year and a half. Im looking at charts just for fun. Its gona chop around and fake you out all of the time.
If you think you are just going to buy at the bottom of a bear market with a 10 to 1 leverage and ride in to the sunset you are sadly mistaken. Thats why its so volatile, because they dont want some shmuck to buy with leverage and ruin their chart at a higher level. Why not just stop you out at the same level that you got in with high leverage and when the derivatives market shows a low level of longs then continue to the next level with the spot holders?
Worse case for me is that we go down slightly below 8 and then pump, best case is we hold around 9- 10 for a wile and we just pump from here.
Dont take anything i write seriously, i dont know what im talking about when it comes to charting.
I spotted a so called "Descending broadening wedge" on the 6h chart. If this pattern were to play out we should reach between 13 - 14 dollars before the next local resistance level.
The market isnt going to make it easy if you are a trader, thats why i dont play that game. Im invested/staked for the next year and a half. Im looking at charts just for fun. Its gona chop around and fake you out all of the time.
If you think you are just going to buy at the bottom of a bear market with a 10 to 1 leverage and ride in to the sunset you are sadly mistaken. Thats why its so volatile, because they dont want some shmuck to buy with leverage and ruin their chart at a higher level. Why not just stop you out at the same level that you got in with high leverage and when the derivatives market shows a low level of longs then continue to the next level with the spot holders?
Worse case for me is that we go down slightly below 8 and then pump, best case is we hold around 9- 10 for a wile and we just pump from here.
Dont take anything i write seriously, i dont know what im talking about when it comes to charting.
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