Noob
UBER looking for retracementLooking for a small pop then drop down into 72ish. its fighting in this range but its just not gonna make it. Inverting the chart makes it easier to play the down side. just dont forget to undo the inversion like i did lol. retest of the imbalance then onto the box below.
Bitcoin pullback setup for short entryNothing all too technica l besides the overextension that we have seen. Mostly a short-hunt in my opinion.
I am mostly founding this short on the recent performance BINANCE:YFIUSDT had.
For those who are new, YFI is a genius-shitcoin that once was deemed to be the next btc I guess?
AFAIK there were no recent developments / implementations made but I stand to be corrected.
50% gain in this short period seems just too much eh?
Perhaps it is a bit more overextended compared to BITSTAMP:BTCUSD but in a more distilled way. Shitcoins like this paint a perfect picture of the human greed and we can sometimes use them as refrences.
TP's really arbitrary, yet I am following a close line around the ascending diagonal line cause it might act as a support.
NOOBIE ANALYSIS|BITCOIN|DAILY|FALLING WEDGE
Started a few weeks ago on studying charts
trying my hand with crypto now.
STOCH RSI is in overbought zone on daily and 2 hour shown above
Relative volume is slowing down
$24100-$23900 range is a possibility before going up or down.
Not taking any trades until confirmation.... via paper trading ;)
Next Fed Meeting will bring lower prices for EthereumIntra-day price movement (for each previous Fed Meeting) follows a pattern of green-red-red. Next in line is red.
Between-meetings price movement follows a green-red-green-red pattern. Next in line is red.
Also, where did everyone hear from that Fed is going to pivot and so on? Why wouldn't they stick to the plan? Some will be surprised when +75bps shows up tomorrow!
NFA.
1,2,and 3…Let it be TP/SLI want to speak about simply how to thrive in a future market. One must apply a strategy premeditated and followed through till revising once more. See the market is a dragon of chaos and as such we mortals need tools to manage it without being all banged up…Many excellent indicators exist but it’s most essential to find one that you understand and that is generally being stress tested by others as well. YouTube is a great resource and test out a few it’s actually quite fun and mostly they all win is applied correctly!
Bollinger bands We you you!
#MonaLisaSmile