COIN : INVERTEDIf we flip COIN upside-down, it might give us a shiny new perspective on this stock.
I threw two horizontals on it at $250 and $310, given the psychological significance of these areas,
and also because the surrounding price action
suggests that they are important support/resistance levels.
We can also look at the VPVR (volume profile visible range -
the histograms plotted on the left and right edges of the chart,
meant to reveal dominant and/or significant price levels based on volume).
If I'm specifically studying the VPVR, I prefer to have one on each side,
because it's easier to visualize the horizontals when there are two VPVR's,
and it's nice to have one on the left side when looking at price action on the left side of the chart.
There's no deep technical analysis or profound predictions for this idea, folks...
my goal with this chart is to give us a nice presentation
showing how COIN's price action looks on the inverted price scale,
with the hope that it might give us a new perspective.
And while this chart most likely won't radically shift your overall outlook on COIN,
I'm hoping that at the very least, you find it interesting...
another worthwhile nugget of info to add to your stash.
// Durbtrade
Upsidedown
$BTC Inverted Chart = Falling Wedge?Not liking this chart at all..
I thought I saw a rising wedge on the correctly orientated chart, I flipped it and I see this as confirmation of lower prices to come.. We are grinding up in a rising wedge with lowering volume which has me concerned.
Still NET Long however. Not selling and will only buy more if we do come to lower prices..
Does this coincide with BTC Dominance potentially falling?
--
MNLZ
U turn up on BK trading details......!!!By looking at the chart, it looks more similar a upside down mountain sloppy hill.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategics to make money from falling prices by short-selling.
The big question is that what will be the next move?
So basically it has many answers:
1st it can break the support line with heavy volume and move towards down direction.
2nd it can take the support and move towards up-direction not braking the support line.
3rd by moving slowly zig-zag not breaking the line and creating a value area.
CLAMBTC update upsidedown head and shoulders formationThe thing I just spotted on chart which I didn't see before. I marked very powerful formation which may suggest really strong bullish movement. I put in link another pair which made good move towards north after similar price action where psychological level was 10 dollars, and here we have 0.00200000. More I'm looking at the chart more patterns I see which are suggesting really strong bullish movement. I aware that I could be wrong but if U look at the links below with similar price action it is very probable that history will repeat itself.
LTC Upside-down Head and shoulders possible outcome This is year 2010 when I tried to figure out where gold is going.
I posted it to show you what happened after Gold hit 1000$ strong psychological round number with upside-down head and shoulders formation and what happened later on.
...just in case you wonder what are possibilities