Price target: $0.355 Entry point: $0.29379 Closed @ $0.362 ROI: 13% 20-40 minute trade (I forget, honestly). Established major points of resistance to catch rebound off of retrace. Caught a falling knife. 2021 is all about TA minimalism.
MCDAF-RSI HAS CONFIRMED PERMANENT DOWNWARD MOTION. we have seen major bulls run through rebel resistance and the empire was winning. THANKFULLY, USD IS FALTERING and it's only a matter of time before BTC becomes Planet Earth's next default currency. Unfortunately, BTC will need to bankrupt a lot of greedy, fragile, impulsive idiots before we see bullish...
XLM has been dormant for quite some time. Luckily for us, it's in the midst of a bull run and forming an ascending triangle. Will it penetrate resistance and continue flying? Or will it fall through the ascending channel and make me sad? I have no clue, but based on previous precedents, this coin could easily make 60+% gains before it goes full bear. Use...
Fib retracements. Elliot waves. RSI. MACD. None of these things matter. Nobody knows BTC's next move and trying to gauge trends is pointless, considering speculative interest in BTC is absolutely irrational and the entire market is a $@@#ing zoo. The only useful thing analysts can do at this point is identify support and resistance lines and read the news....
Looks like a bullish pennant is forming. Not sure if it has enough steam to break resistance, but if it does, I'm buying on the breakout.