Shiba ready for leg ?!!
Folks,
It has been quite some time i have been here.. I have switched my perspective on trading..
I am more active on CFD's now and trading (swing & day) on the Indices i.e. Dow Jones, Nasdaq, DAX, FTSE, Gold..
but my interest and passion for crypto will never die..
I have come to learn that being a good chartist is something TOTALLY different than being a good TRADER.
Do you know the difference???
Anyway back to the chart..
Simple price action tells me.. Major trend reversal from bottom to bull trend.. We see a pullback that is in a iii pattern.. Look in to the books of AL BROOKS and you will see it means BREAKOUT MODE.
Which side ?? Well markets tend to have INERTIA.. that means the markets will do for 80% of the time what it has been doing. To know what will possibly happen to the right, look to the left.
Last bars are in a bull trend.
My opinion on statistics tell me 60 % chance of possibly bull trend resumption for at least another leg towards 0.000039 and 40% chance of turning in to trading range or at the worse bear trend.
Hardest lesson learned; ALWAYS use STOPLOSS!!!!!!!!!! take the loss believe me it is worth it. otherwise you are not trading but you are gambling.
It has been quite some time i have been here.. I have switched my perspective on trading..
I am more active on CFD's now and trading (swing & day) on the Indices i.e. Dow Jones, Nasdaq, DAX, FTSE, Gold..
but my interest and passion for crypto will never die..
I have come to learn that being a good chartist is something TOTALLY different than being a good TRADER.
Do you know the difference???
Anyway back to the chart..
Simple price action tells me.. Major trend reversal from bottom to bull trend.. We see a pullback that is in a iii pattern.. Look in to the books of AL BROOKS and you will see it means BREAKOUT MODE.
Which side ?? Well markets tend to have INERTIA.. that means the markets will do for 80% of the time what it has been doing. To know what will possibly happen to the right, look to the left.
Last bars are in a bull trend.
My opinion on statistics tell me 60 % chance of possibly bull trend resumption for at least another leg towards 0.000039 and 40% chance of turning in to trading range or at the worse bear trend.
Hardest lesson learned; ALWAYS use STOPLOSS!!!!!!!!!! take the loss believe me it is worth it. otherwise you are not trading but you are gambling.
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