Hello again. I've been in and out of short positions since $9,550. Currently, I'm looking to buy back half of my position at the $7,500-$7,700 level, and taking profit at $7,200. There are two scenarios that make the most sense to me in the short term. Either a small break up from this falling wedge, or the wedge is invalid entirely and we take the escalator (if...
Hello all. Anyone viewing this has likely seen something similar a thousand times over. I'm simply sharing it to my profile so I that I can look back on it in a couple of years myself. Here I've simply highlighted the similarities between the previous halvings that stand out to me. I'll be dollar cost averaging until then. If we revisit the 200 week EMA again,...
On 2/16, I used a Gann Fan to section off the descending wedge that we've seen play out over the past couple of months. Interestingly, the support and resistance levels since then have proven true. I'm a novice trader and might not even be using this correctly, but it's still an interesting observation that I wanted to share. I haven't seen anyone else share this yet.