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Bitcoin: Look Left - Structure Leaves Clues?As with all my posts, please know that this is very likely going to be completely wrong. A buddy of mine wants to quit his job and trade crypto... and none of you care about that so to make a boring story short, it reminded me of a bit of advice I once heard... Look left - Structure leaves clues. Whether or not I am right or if the advice is crap, I don't care. I wanted to simply document my idea and see what time tells. That being said, I literally took the fractal from the top to the current bottom and flipped it. I set it to HL/2 for no special reason and stuck it on the chart. I would imagine someone may have done this already, but if not, then here you go... Now it almost looks like all my trendlines magically tell a story, but please know that if you draw enough lines on your chart the price will eventually hit one of them. Disclaimer: I do not guarantee anything in this chart because honestly, this is just a random idea pulled outta my a$$ (where most good ideas come from). The price could easily ignore my chart completely just to confirm my stupidity. I am a noob trader, I accept this. You should too. To repeat, I am not a professional trader (I don't even play one on TV). I do get quite lucky sometimes, maybe this is one of those times. I will gladly accept any criticism, comments, or critiques. I'm still trying to learn. Be nice. Be mean. I don't care, just be something.
COINBASE:BTCUSDLong
by arvo
Bitcoin: Take the red pill or the blue pill?I'm just putting this here because I can and I'm curious to see how this plays out. It's very probable that this is completely wrong. Hopefully some of you will see this and tell me how stupid I am and share your insightful thoughts about where you see things going (being a dick about it is optional). I'm neither a bulltard nor a beartard, but from my analysis, you may think I am some kind of tard. Either way, it is what it is. And yes, I know my charts are a mess. I'm OK with this. Just because a chart looks pretty, doesn't mean it has the right call on it and just because a noob shares a chart, doesn't mean it has the wrong call on it (although this one could have 2 wrong calls on it). I pulled a possible fractal off a drop on the left side of the chart, if you look close enough, maybe you'll see it. If you don't, maybe I'll post it. I then converted the candles to lines (HL/2), cloned it, mirrored it, and slightly manipulated them to fit into my chart to make it look like I know what I'm doing. Don't let this fool you. You get what you pay for and this is free. Thumbs up, thumbs down? I accept my fate. Disclaimer: Drugs are bad. mmkay? I do not guarantee anything in this chart because honestly, this is just a random idea pulled outta my a$$ (where most good ideas come from). The price could easily ignore my chart completely just to confirm my stupidity. I am a noob trader, I accept this. You should too. To repeat, I am not a professional trader (I don't even play one on TV). I do get quite lucky sometimes, maybe this is one of those times. I will gladly accept any criticism, comments, or critiques. I'm still trying to learn. Be nice. Be mean. I don't care, just be something.
COINBASE:BTCUSD
by arvo
3
A small bear play before possibly inverse head and shoulder??!!A following on from yesterday we have a bear Break from the equilibrium below 6423, which has been a reasoalble solid support previously. The volume for the break is less than the previous two bear break so the momentum may be week. A potential bear play would be enter now (aggressive) or enter at retest of 6423 or 12 ema, with a tight stop loss at 6423 or 12 ema. With target 1 at 6295 or 6107. I think with the weak bear volume we may be potentially setting up for an inverted head and shoulders.
BITFINEX:BTCUSD
by bitcharlie
Massive Cup and Handle Hey Guys www.tradingview.com I'm very new on the block and I don't know what type of reception this will receive but hey this a wild and wacky world and anything can happen I predict the biggest cup and handle ever seen by man, where we can be fluctuating between 12k -7k at any time, but the main break out points will be around the 20k-15k area. If you would like to discuss this idea and poke holes in it, please do so as I will be reading them all and hopefully learning why I'm so very wrong
BITFINEX:BTCUSDLong
by Epididymis
Zilliqa looking for a last wave upZilliqa has been performing pretty good these days and still the chart looks really good and alot of room to grow. 4 waves have been counted we are looking for the last wave wich is the 5th one. Also it looks like it is forming an acending triangle pattern wich is bullish. Right now, for me this is a no trade zone, I would buy on confirmation the confirmation to buy would be the break of the resistance level and a close above it to prevent bull traps. The target would be the wave 3 resistance (1262 sats) wich I think it will not break on the 1st try. The second target would be the wave 5 (1543 sats) The R:R for the 1st target is 4.5 ratio wich is a very good risk to rewards ratio with a gain of 12%. My opinion is that this will go sideways untill it hit the apex (green triangle) of the acending triangle and then will break out of it.
Long
by Smilao