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Picking the bottom! Dollar cost average?Purple line drawn on weekly chart. Dotted line less conviction. Quick support lines and fib retracement levels. Support just under 500 and 460 and 400.... candles bearish. But RSI 30 and historically the bulls rallied on ETH when it went under 30. In addition some hints of descending wedge (didn't draw in as not the best trend lines) . For a noob like me I can find nothing to trade yet but for the investment part of my portfolio I may increase my holdings around each of the support levels. Please criticise as appropriate. (especially if I'm using the fib wrong) Thanks guys.
BITFINEX:ETHUSD
by bitcharlie
Random Thoughts by TirinJust what I see, continuing what I posted from last night. The first yellow Oval was what I was thinking last night, as 1. an exit for scalping/ if breakthrough would confirm the breakout to re enter. The newest one is where My concern would be for the next breakout and would be enough confirmation to reenter the market. I draw randomly squigly lines with how I see this possibly going for awhile, considering its the weekend, and I am on my laptop without a mouse, excuse the roughness. Not to be taken seriously, I just do this for fun, and never really publish, but i likes my colorful art project here. Dont really care for followers because I never post. but feel free to see what I think and enjoy.
BITFINEX:BTCUSD
by Tirin
Lvl up after btc slaps. Momentum + Harmonics + Bad PositionHi TV. I have been terrible at trading for a long time. like months. My first few trades were > 10% of my net value. lol. Thanks to all of you, especially MagicPoopCannon, for teaching what you know. I've been at this for a few months, I feel like I'm finally starting to grasp the fundamentals. I'm a fan of harmonic, positional setups, but this is my first real stab at watching market momentum and switching timescales to dial in the informed gamble, knowing a pop was gonna happen. My sell was around 750, it had another 100 of profit potential. So I sold again after noticing the jump. - Falling Volume indicates upcoming movement getting loaded up. - Low trending RSI means jump up is likely. - Should have based trade on last harmonic peak position which had.
BITFINEX:BTCUSDLong
by eighteyes