Trading is like riding waves. It's like the market is an organism. Every action will create a reaction which is by itself a action for the next reaction. What does this mean to this chart? First wave: Someone bought the bitcoin price up (action). Someone follow that trend to earn some profit and also buy (reaction). It's starts to scalable. And more reactions...
First trendline we have already broken. No let's see if the last one can hold the price up. If ywe go more down or even sideways it will be a strong sell off. Read also: "Did you mention that we're very close to break our longterm trendline? Even if we just move a more sideways it's gone, and ppl will be ready for a strong selloff. ....so how does it came up...
This TA is a part of my last one I have published. To understand this btw. the other you need to check both. ...so here's the link: (and for all those even don't know me yet, sry but english isn't my first language, and I hope I don't sound like a complete idiot ^^) Let's have a short view to this one: We have crossed the most optimistic trendline from the...
Trading is like riding waves. It's like the market is an organism. Every action will create a reaction which is by itself a action for the next reaction. What does this mean to this chart? First wave: Someone bought the bitcoin price up (action). Someone follow that trend to earn some profit and also buy (reaction). It's starts to scalable. And more reactions...
For some weeks ago their where many charts about how the bitcoin price rally is repeating itself like an endless loop. The history repeat is true until it isn't. And I would say we're arrived a point where we can't repeat the last year. Before I try to explain, with my like an idiot sounding english ^^, I will mention this short chart. In there I chart the...
As you see, we just hit a meridian of our shortterm uptrend channel which is at the same tame our 0.5 fib speed resistance fan. As we hadn't the waterfall for that uptrend I would comment: buy. But by beeing in our situation ppl are going to sell more and more as higher our fib level is. (that's are normaly the short-time trader taking their profit) So, for the...
This TA ist just a next confirmation (indicator) for the comming downtrend. If I'll seperate this chart from the others it won't show clear signals. It just show that a H&S formations seems to be very possible. That means this chart tells, that I'll have to watch the market for some minutes more and react on what will happen. If the H&S formations is clear, this...
While lot's of ppl in here are full bullish I see just a perfect hit on our intact longterm downtrend channel. RSI inkl. selloff today give us the confirm that the chart will stay in this channel. The only question is how long. But out of question I quess is, that befor any move up we need to find our support level in this channel. What also confirm this TA is my...
While lot's of ppl in here are full bullish I see just a perfect hit on our intact longterm downtrend channel. RSI inkl. selloff today give us the confirm that the chart will stay in this channel. The only question is how long. But out of question I quess is, that befor any move up we need to find our support level in this channel. What also confirm this TA is...
Channel diving with XABCD pattern, RSI confirmed back into the cloud + 0.5 fib. (1d). Target 535 $ Any improvements or tipps? Like to disquss with you, here or @t twitter: twitter.com If you'd like this chart and want to get updated about new stuff, all you need is to follow me on tradingview. (if you haven't an acount yet, create one and chart and share your...
I just want you to show where I set my short order. I guess my chart is selfexplainig. Let us see if I'm right.
Here I m trying to show you how I will trade the next days. Still hold an middle term position and buy a short term, diagram should be selfexplained. (I m not a trader learned it in school...I m still following my perceptions. Don t know why but on this way I m mostly right ^^) Ps: At the moment I m only holding less then 1 btc. With my bitcoins I m all in...