Simply * Back Testing *
in the image I tried to put into simplest terms how to differentiate a Reversal Patter vs retracement patterns and Tried to add some context to the topic. This is not financial advise.
Another EX:
Bullish Case:
We can expect ADA to squeeze at any time now, I am more bullish on
these type of patterns, with a tight stop stop loss but enough breathing
room and you should be in the clear, rolling stop? 35% drawdown = Not Too ShaBBY,
;). Remember this is only a short/mid term analysis. Over all crypto is heading
SOUTH.
Bear Case:
We have a lot of room to the...
Watching LOOPRING/USDT for the next 2/3 weeks
For this trade idea, I have more of a short/mid term LONG Bias.
With an overall long term SHORT Bias.
BULL CASE:
After a little over/under a month of STRONG seller action, I
think we are due a retracement.
(1): Down Trend Line Broken and used as Support
(2): Wedge indicating a break out
(3): Retest of...
Hey guys! lets agree to disagree, us this to interact with me, do you agree or disagree? Keep in mind these swings can take any where from hours to days to weeks to play out and if it doesn't, OHWELL, NEXT!
