Back at the beginning of April, I published a losing trade that has since forced me to focus harder and get it right the next time. So I started reading books.
For all of April, May and now almost half-way into June, I have been working non-stop on a system that is yet to mature but is refined enough to share one snapshot, the weekly that you are familiar with...
Here's what I've been playing with for the last couple of hours. When I entered this trade, I had thought that my timing was more ideal.
At two points, my stop almost triggered. I made a minor adjustment to my stop to make a little more head room and it almost got taken out on the second run-up
This is a badly timed trade and a tad bit messy, but I'm sticking...
BITSTAMP:BTCUSD
Although the recent trend has seen a small upswing in movement, I feel it is counter-trend to the long term Bear market.
Of particular interest to me is the rejection on the Middle BB over the last year. This weeks close, which will occur on Sunday, will likely still be below the Middle BB.
What I am looking for is a change in trend on the...
I"m going to spare the wall of text.
If you can read a chart you get it.
Caveat for new traders: You can not predic the future, only examine the past. This is a Bolinger analysis combind with Trend Lines and an over sold RSI potential on the daily. My perspective, should not be your perspective. This is only how I see it. Breakout will go up or down....
Just noticed that this is the first time that we have had 5 straight days of Bull Volume since the start of the year but we still have to wait for todays close.
BITFINEX:BTCUSD
BITFINEX:BTCUSD
For the first time in days, my previous resistance lines have broken the ceiling. More time will be needed to see if large sell offs occur. This could be a fake out.
I fade trend colors out as they become irrelevant, occasionally highlighting others. Long story short, I'm still bearish . I'm also still adopting my moves based on the first time I shared something on here. I've learned, I've grown and I like to keep my past indicators on the chart ao that I can learn.
I suck at TA but enjoying it so far.
Use your powers for...
Hitting critical lows on the hourly and 4 hour charts as sell-offs dip below critical support lines before the daily close. Hopefull the bulls push back, but bias is waiting for more bearish action for stronger entry position.
