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BTC trade ideas

Yet another stab at price action, near-term down, long-term upI know there are more sophisticated ways of approximating Bitcoin price action. In looking back at prior 20% corrections/consolidations and the speed at which the events occur, we can use a prior example and draw from that a likely scenario. Charting provides great insight into your investments. Draw your own conclusions. There are lots of great content out there that provide alternative viewpoints. Take all of the ideas into consideration.
CRYPTOCAP:BTC
by chillcrypto
1
What will February bring? So many areas and trends to focus on..In order of most activity or strongest to weakest. 1) An active horizontal area of support and resistance since Jan 1 (white lines). 2) Downward and upward trend lines forming a wedge pattern 3) An upward trending channel we entered in the last week of January and are trying to re-enter. Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside. I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
CRYPTOCAP:BTC
by chillcrypto
Now that we are firmly below MA20, MA50 what's next?A while ago I drew out a trend line (green) using the hourly lows from Dec 11 to current, comparing the trend with MA20 (white) and MA50 (orange). I know, its hard to see zoomed out. I really am just using this to consider - is everyone chasing Ethereum and other crypto, bored with Bitcoin until price action is strongly positive? Or are we teetering on the edge ready for a strong move down? Historically it seems the longer we stay below MA50, the longer it takes to move strongly positive. That kind of makes sense from an investor sentiment point of view - who wants to get into an investment that isn't going anywhere.
CRYPTOCAP:BTC
by chillcrypto
SOME USEFUL TIPS FOR NEW TRADERS here are some tips for newbies. One thing, I want to say again and again don't rush in trading it's not a quick-rich scheme remember that. and every newbie needs to gain knowledge first about markets than most important part risk/money management need to learn because they r so important. Most newbies come into existence and think they have gone to use big leverage in one trade and they gone to be 100% right and gone to rick quick don't think in that way. u not gone to be 100% right all the time. remember u also gone to be face losses as well even experienced traders lose money but because of their money management they able to small their losses and when they win they big win. hope u understand what I mean who earned that GOOD LUCK. I will most more content for newbies so they can get the right path. thanks for reading :)
CRYPTOCAP:BTC
by THELEGENDSINGH
SOME USEFUL TIPS FOR NEW TRADERS here are some tips for newbies. One thing, I want to say again and again don't rush in trading it's not a quick-rich scheme remember that. and every newbie needs to gain knowledge first about markets than most important part risk/money management need to learn because they r so important. Most newbies come into existence and think they have gone to use big leverage in one trade and they gone to be 100% right and gone to rick quick don't think in that way. u not gone to be 100% right all the time. remember u also gone to be face losses as well even experienced traders lose money but because of their money management they able to small their losses and when they win they big win. hope u understand what I mean who earned that GOOD LUCK. I will most more content for newbies so they can get the right path. thanks for reading :)
CRYPTOCAP:BTC
by THELEGENDSINGH