Hello Ladies and Gents! I've spent the day reading all the Bearish charts and have to be honest...I couldn't disagree more. Why? Well for starters, we all know that the bigger the charts time frame the better overall picture we see. Hence 99% of the charts are looking at 4hour or daily. So what does the weekly chart say to me? If we look at the weekly...
Hi Guys! So lets take a look at the Daily chart here. Looks like Shit, I know - BUT There is a positive takeaway. If we look back at the charts over the course of the past 365 days we see a trend that has repeated itself , quite expectedly on 4 other occasions. So the question is: DOES HISTORY REPEAT ITSELF? The LOWER Yellow line is a support line from...
Hi Guys, Long time Tradingview Member, 1st time poster. Lets strip away all the complex charting and Fibonacci retracements and lets loo at the basics of 2 factors. 1. Supply & Demand 2. Momentum If we a look at the 4 Hour chart we will see some positive indicators. Namely, the MACD is rolling over, meaning the little blue line (fast moving) will be...