The trend is your friend. I believe we’re heading to GETTEX:49K , and then $47k to $44k area this simply been on the trend lines and channel illustrated on my chart.
Double top on the 1hr chart. we got our touch inside and close below the box signaling possible price rejection. SL above the rectangle box. Target 1 at 41K Target 2 at 38.5K Not Financial advice. Just an Idea.
Lots of confluence on multiple time frames. You can see on the chart, price has not been able to break through the black-box area. Also after a weekly green candle closes, usually, the next weekly candle after tends to rise a bit in price and then finish the week out bearish. WILL UPDATE WITH MY TRADE PLAN AS IT UNFOLDS. Feel Free to comment anything to help...
Major Confluence lining up with the Moving averages Price has crossed the 200MA on the 8hr; four daily closes in a row printing higher highs with major selling pressure. It seems that the bulls are winning. There is a stronger push by buyers this time. The averages are stacked longer-term on the bottom-- to--shorter on top, and spacing out heading upward....
You gotta be willing to throw the long ball or you can spend your time waiting for the referees to give you an inch of chain or it's game over. Having a lil crazy fun. Who is ready to EET MOORE PROFIT, but first a little fun. (Skip to bottom if your sour grapes and don't wanna have fun) Which came first Geometry or Psychology? I decided to use the fib...
Since the 2015 high, this pair has traded to the top of this diagonal channel over a dozen times and when it does there is major selling pressure and price consolidates for several days then, at the end of the week it dumps all the way down!!! Take a look for yourself. It's not always at the end of the month but definitely at the end of the weekly candle every...
MY FIRST IDEA! **NOT FINANCIAL ADVICE. THE OVERALL TREND IS STILL BULLISH. THE DOLLAR SEEMS TO HAVE SEEN SOME MINOR STRENGTH TODAY BECAUSE OF THE FED, BECAUSE OF BITCOIN LIQUIDATIONS/WEAK HANDS. BLAHBLAHBLAH... OKAY, LISTEN, JUST FOLLOW THE PRICE ACTION. I TRIED TO INCLUDE LOTS OF OBVIOUS CLUES AS TO WHY I AM LONG HERE. PICK, YOUR TARGETS, PICK YOUR POISON,...