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BITCOIN SOON TILL MOONHello budies,unlike other markets predictability and so called bitcoin relation to s&p 500 or others i belive bitcoin is not technically and specially on low tf s predictable but fundamentally.the large market cap of btc almost creates limitations for manipulation of whales but exchanges smart platforms are designed so perfectly that can benefit most of traders s/l ,liquids and so on.the reason that pesuades me to belive that most TA are not reliable is that cryptocurency traders mostly are observing the same price movements on their screens and mostly share the same knowledge of TA.a good strategy considering all probalality and avoiding emotional trading leads owners to have a good plan and benefit most of price movements.
How do you spot your support and resistance?I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance.
It’s quite funny but really not so.
For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance.
And I find them at H4 or H1 TF
In this case my I have a clean chart on M15 TF where I easily fine my entries.
Dose this make sense to you?
Tell me, How do you plot your own S&R?
ETHBTC Weekly Chart- Current patteenHead and shoulders pattern with retests of major trend line. This happened multiple times recently on bitcoin daily-weekly showing distribution which I would post as an example but I can’t on mobile.
Apologies on the complicated drawing but the test of the major trend line are the key points. Almost every time I’ve seen this distributive pattern in results in a bearish move like it is taught.
2 year prediction of total2, by Dia. big dump incoming.Seems like in a week or so we get the big answer. Market looks extremely bearish , I personally dont believe we can break the resistance
Pattern looks incredibly bearish.
We always dump before halving
the cup is drawn too big, it should not break the previous support of 462b
btc 19k bottom, maybe scam wick to 13k
expect 2020 highs of every altcoins, and some altcoins to completely be destroyed