Are we in a descending triangle (red) inside a larger ascending triangle (blue)? Weekly daily and monthly areas of support and resistance noted. Let’s see what happens. The descending triangle: Blue scribble line is bull scenario and red scribble line is bear. Cheers to 2021 and 20k+
Im back guys. I took the last year to build other groups and content. I’m back to this free content and will have posts to update and play with through 2021. Not financial advice. Just what I see. Clean chart of resistance and support levels. Took 2 year cycle from bear trend to bull reversal. These are the levels to watch to end 2020 and into 2021. Big bull run...
This is another classic indicator used by traders.
It's also a very quick and easy chart to read.
As you can see, we currently have a crossover which indicates lower prices ahead.
This is a classic indicator. They are the 20 and 50 day moving averages. Others may use the 100 and 200 day averages for longer term trades. This is a good reference to check for quick, easy analysis.
Possible trend set up: re-test the 20 day around 7.2k for support..
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we will see.
Here is the MFI indicator I posted from earlier last week. I am still following it pretty closely for entry/exits on day trades (mainly 4hr time frame). The weekly indicator still looks maxed out (oversold) with a slight downtrend (short call from last week).. which indicates further downside. Side note: It looks like a classic double top formation to the naked...
started to look at historical Fib levels and overbought signals... stumbled upon this feature.. looks great.. interested to see next few weeks of development.
