Taking into account only PA. Lots else at play, but wanted to send this out as one data point ... Descending wedge - wait for breakout and retest confirmation. 0.5 Fib retracement defense - wait for confirmation of support. I'm in long. Will add on each 0.5 fib touch. SL just below wedge apex. Good luck!
Assuming this channel holds, there are some nice scalps to be had a long the way. As long as we don't break, I will play the incoming long and add to my position on retracements. I expect a fairly sleepy weekend until we break above the 312 hour EMA and then rebound off of it to exit the channel.
Ugh. So, I'm biased bullish on BTC. Short and Long-Term. So charting this out has been a bit upsetting. Apologies for the spider web, but I've tried to include major trendlines on this chart that I saw as pertinent as well as highlight clearly the latest RSI trend and support and resistance there. And then I was curious and threw in some Fibonacci Time Zones...
I'm in a small short back down to the 240 day EMA, but will enter long there and add to the position on the trendline touch (both of them if it happens) and then a final entry at the 480 day EMA if we reach it. Stop loss below the 480 day EMA. OBV gave a heads up on the price down, or supports the idea at least.
Surely missed some on the 15min and there's TONS more on lower timeframes.... it's outta control
EOS has broken down through my optimistic consolidation pattern and has broken down through the 120 day EMA. Seems likely at this point to retest both the wider consolidation pattern that's formed as well as touch down on the 240 day EMA. As long as your stop loss is set below the 480 day EMA, I think you'll be in the clear for a nice long position (keep that...
Showing the On Balance Volume above the BTC price action pattern we're all sitting around waiting on. At the beginning of this consolidation (post-dump), we were pumping volume back in, but the slope between peaks gave away that we weren't going to simply bounce back on a V shaped recovery. Since then, the volume has been steadily being removed faster than...
Hi all, just wanted to provide the information that I've used to respond to friends and family and (mostly) co-workers about the actual comparison between BTC energy consumption and carbon footprint to that of traditional financial institutions. I don't think anyone here needs convincing, but if this helps anyone else to have the facts, I wanted to get them out...
Just a quick thought.
I've been working at day trading for a couple months now and have been greatly appreciative of all the help I've gotten from y'alls posts. This is my first idea and I'm an extreme novice, so both go easy on me and don't take this as expert advice. Just wanted to take a shot at contributing rather than just consuming. I see trendline and psychological...