Short
Beyond the technical analysis. BCHUSD
Well, I'm just say all of your indicators have the probability of fail.
And now. It's the critical time of both the momentum and volume indicator to both fail.
And your chart, your lines drawn by your hand. They all fail.
The trendline you drawn is usually invalid. So it's fail. Through it may useful.
But now. Anything seems not useful.
It's the hardest situation for normal indicator.
Then I want to do the cycle analysis. And result is I failed too.
It just a big mess. I just run into the mess and can't find the cycles.
The cycles you see in this chart is analyzed by me. Manually.
Then in my manually analysis. I failed many times at least 3-4 times.
It just looks weird. I never see this head-shoulder pattern in TRUE CYCLE.
The cycle seems not change. But my thought of this pattern is never same as before.
Because when the sharp decline break the L-shoulder. WTF it is. It just in mid-channel time.
It's a little hard to believe that.
I believe it's that time. If I'm not analysis it wrong.
Time analyis is so hard. I decide to do this on BCH and not other coins.
WHY? Well. Because it's just looks hard.
You guys should choose the easy mode and not do hard mode on the realm of this industry.
Like I already said. The mid-channel pause is come. And now It's gone. The pause will end and price movement should continue.
It's will gone. Within hours. But will it have another rally?
The answer is ofcourse. On this down trend after the head-shoulder pattern.
Didn't price always rally on time? It just their strength is small.
The fld is here. you can use it to help you to decide what situation is.
But now I believe you guys do long position must be cornered. You will lost money.
If my analyze is not wrong. Trend will resume soon.
So whatever your position is. Just keep safe. The safe is no.1 thing in Gann rules too.
And another one is never open position without definite indicator.
Which is you should only trade in very high safe and high profit area.
It's hard both to newbie and old trader.
And now. It's the critical time of both the momentum and volume indicator to both fail.
And your chart, your lines drawn by your hand. They all fail.
The trendline you drawn is usually invalid. So it's fail. Through it may useful.
But now. Anything seems not useful.
It's the hardest situation for normal indicator.
Then I want to do the cycle analysis. And result is I failed too.
It just a big mess. I just run into the mess and can't find the cycles.
The cycles you see in this chart is analyzed by me. Manually.
Then in my manually analysis. I failed many times at least 3-4 times.
It just looks weird. I never see this head-shoulder pattern in TRUE CYCLE.
The cycle seems not change. But my thought of this pattern is never same as before.
Because when the sharp decline break the L-shoulder. WTF it is. It just in mid-channel time.
It's a little hard to believe that.
I believe it's that time. If I'm not analysis it wrong.
Time analyis is so hard. I decide to do this on BCH and not other coins.
WHY? Well. Because it's just looks hard.
You guys should choose the easy mode and not do hard mode on the realm of this industry.
Like I already said. The mid-channel pause is come. And now It's gone. The pause will end and price movement should continue.
It's will gone. Within hours. But will it have another rally?
The answer is ofcourse. On this down trend after the head-shoulder pattern.
Didn't price always rally on time? It just their strength is small.
The fld is here. you can use it to help you to decide what situation is.
But now I believe you guys do long position must be cornered. You will lost money.
If my analyze is not wrong. Trend will resume soon.
So whatever your position is. Just keep safe. The safe is no.1 thing in Gann rules too.
And another one is never open position without definite indicator.
Which is you should only trade in very high safe and high profit area.
It's hard both to newbie and old trader.
Note
The cycle analysis is technical analysis. But it beyond many regular way of this realm. Especially hurst cycle.The hurst cycle is not just silly count cycle. It hav e some cyclic principle.
It's just these principle is the most powerful ting. When you have right cycle.
It's not work if you analysis the cycle wrong. And even if you have right cycle. Without cyclic principle. Your analysis is not very useful.
Note
You can see my macd on chart. It looks like double signal for long.But If you see it carefully it's just one signal for long.
And yes! the price looks so strong now. And it may fool almost all people.
Note
As you can see the fld is broken but price seems strong.We should confirm by waiting for this cycle end.
Trade closed: target reached
End
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.