Last week around this same time I posted an idea on TBLT asking how traders get trapped in these gaps . I had just started to study gaps so this actually played out perfectly and answered my own question. I wanted to know how traders get trapped in these situations where you go into the weekend confident in your decision, only to watch everything come crashing...
I recently started studying gaps . As someone who is new to technical analysis I find them fascinating . I am currently in the process learning what triggers these extremes in the price action , and if there if is a way to recognize them before they happen . My question here is for the experienced traders who trade these patterns specifically . I assume these...
Bitcoin is looking to break out as it tests the top of this triangle for the sixth time . We now have the MACD cross showing momentum rising slightly, but decreasing volume and the MFI indicator is decreasing . I haven't done any fundamental research into current news stories that could have a bearing on price so this is strictly a TA perspective from a beginner...
My first public chart , so if there are things that look incorrect please feel free to leave a comment, or some constructive criticism . This chart was drawn by going through multi timeframe analysis , drawing my trend lines , support & resistance zones , and finally overlaying the Fibonacci retracement tool on the final chart . I erased the other lines to make...