Noobanalysis
BCN potential short term decision timeI think this prior support at approximately 130 sats from May 2017 could hold. If not it has strong support at 113 and right at 100 sats. If you bought a while back, below 100 sats as I did we might as well hold for a bit to see if we get another pop upwards. The chances of arbitrage with the new Binance listing has passed and I haven't been able to get my coins out of Poloniex anyways... I'm still trying because it seems the volume can come in the fastest on Binance and go higher than hitBTC and Poloniex.
What a bunch of wackiness we've seen the past few days with BCN. Maybe there was some funny business, maybe not. All I can say is if you bought below 300 on Binance there is hope this year. If you bought above 1000 sats use what happened on Binance as a learning experience. Check the other exchanges for price discovery. Don't buy if it's multitudes higher than everywhere else.
bounce up to .00001935 possible herejust a guess based on previous trends and possible bull flags recently
BTC for the remainder of March1st post. Definitely most pulling some super n00b TA and pretending like i know what im doing.
anyway. it seems that on the 19th BTC will break out of the current sideway movement of $8200-$8500, most likely due to positive news from the G20 summit. Reistance will be at $9600, and possible sell off dropping it back down to current price. However, by the end of March, there may be a bull flag.
Where is the volume? BTC inverted H&S patternHi there,
First of all, i'm not experienced. I'm a newbie when it comes to TA so feedback is welcome and appreciated.
While researching the inverted H&S pattern i've read that volume increase is important on the advance of the right shoulder, since we're not seeing this i'm kinda worried this might be a false breakout.
So lets hope we see some volume in the coming day's to confirm this breakout.
Also if the pattern is confirmed i noticed a possibility for an even bigger inverted H&S, this is of course very speculative.
If anyone has feedback or comments i'd like to know!
Thanks :)
$WAVES 4H Inverse Head and Shoulders$WAVES 4H chart is completing its inverse head and shoulders with its strong support line around 0.0006600 that has held for some days now still intact, which might lead to a short-term bounce to the upside.
$WAVES 1H Chart Head and Shoulder patternA Head and Shoulder pattern is coming into full play on the $WAVES 1H chart with the last Shoulder remaining, if this happens, there is one more chance to get in for a short ride and leave before the downtrend. If you are already in a position you should be looking to lock in your profits as the formation comes to to an end.
Lvl up after btc slaps. Momentum + Harmonics + Bad PositionHi TV. I have been terrible at trading for a long time. like months. My first few trades were > 10% of my net value. lol.
Thanks to all of you, especially MagicPoopCannon, for teaching what you know. I've been at this for a few months, I feel like I'm finally starting to grasp the fundamentals. I'm a fan of harmonic, positional setups, but this is my first real stab at watching market momentum and switching timescales to dial in the informed gamble, knowing a pop was gonna happen. My sell was around 750, it had another 100 of profit potential. So I sold again after noticing the jump.
- Falling Volume indicates upcoming movement getting loaded up.
- Low trending RSI means jump up is likely.
- Should have based trade on last harmonic peak position which had.