Looks like a head and shoulders formation has occurred which explains a lot about the current tanking of the bitcoin price, regardless of what is happening with the Fed.
Hi All, I am quite new to trading but am really enjoying the shorting process. Please take this with a grain of salt as I am too new to be giving anyone any recommendations. The following method has been applied to the chart: 1) Running the Fib retracement tool from the lowest point to the highest point (for today only) 2) Confirmed that the MACD has crossed...
I am relatively new to trading so I am looking for feedback on the idea that I have for price movements for FTM. Below is the method that I used to perform price analysis: 1) Trend Analysis - Price movement is on the uptrend on the daily 2) Chart Pattern Analysis - confirmed the triangular pattern, which is how I have set the target price (taking the side of the...