Bitcoin 12h chart for the past few weeks. The dip has hurt many of us, but I don't believe this is the end of the bull market cycle for crypto. As a disclaimer: I'm still fairly new to TA and I consider myself a student of the market. But I absolutely love doing this and very much appreciate feedback. please comment if you like this analysis and/or have...
Todays trading plan.
Wide range will shake down the market
Paper hands will burn
Burning paper turns into carbon
Carbon takes the heat and the pressure
AND DIAMOND HANDS ARE BORN!
With the US persistent in absolutely destroying its currency I wanted to make a longer term gold chart to share.
I'm not one to typically use indicators, only what I draw for myself. Gold is clearly undervalued. Don't think you can buy gold at the market price, as its going for about 1900/oz in the psychical market.
Personally I recommend buying physical to...
SOON MAY THE TENDIEMAN COME,
TO SEND OUR ROCKET INTO THE SUN.
ONE DAY WHEN THE TRADING IS DONE,
WE'LL TAKE OUR GAINS AND GOOOOOOO!
HUAH!
I just wanted to keep my incredible TA up to date - in case you doubted me.
WE ARE THE MARKET!
GME GO BRRRRRR! Since I'm watching all those paper hands crumble on the launchpad I made a true HODL chart. We still haven't had countdown yet lads, diamond hands only from here up. I'll pop the bubbly at Second Engine Cut Off and we can call the tendyman then.
BTC putting in higher lows - appears to be on the edge of a breakout. Its above the trend support line and is retesting prior resistance. I'm looking for reasons to not take this trade but I don't see any.
After the crazy past few months I know a lot of us have that nagging feeling that the party is close to ending. I have been seeing the same sorts of stuff I saw in 2017, and I suspect we might be turning towards the second half of the cycle - bear. Let me know what you think about this, if I am even using head and shoulders tool properly. Still learning and...
Fibonacci retracement levels used to predict buy entry levels for the high volatility in crypto markets. I am new to TA so please feel free to comment what you think! I am open to suggestions and criticism.
