Looking at the trend, CIRCLE STATES THE FACTS, WE ARE HERE
Looking for a coil, if breaks support 135$ or $125 then it is no longer a valid idea
long term bullish idea, we are in a overall bullish pennant pattern, bounced off the $80 range 4 times, loading up
this is my short term out look price seem to be jumping in volume. watch the 142 level
between $113 and$ 70 are good buy oppertunities. judge for yourself. gold-line is support , purple is resistance.
gold is support purple is ressistance , only for people who understand already. im watching etfs and what coins they how, and flows. plus volume. i see a correction i will start scaling in around 129 which i am 20% in.....and as it moves down to possibly 113 ill go in 40% and see from there. btw this is more long term thinking. either way good areas short or long.
Everything is on the chart, all written out, i think if the economy starts to tank, we might see oil shoot up as more buyers come in, it has almost become a safe haven, but also keep in mind inflation and 10 year T-bills. im just trading day to day, i have no F.O.M.O. "Fear of Missing Out" because there is always a way to catch alpha. im nuetral but like i said...
we can see a reversal on the daily chart on facebook, the news likes to create noise, but where there is panic, is oppertunity, i predict, from reading the options contracts, this was simply profit taking and noise. by earning i see facebook around the mid 200$'s .....we all know by terms of agreement that when you sign up for social media you have total control...
if you know how to chart, you know what im doing here, im bad at explaining, but enjoy if you know. blue is supports light teal is load up, red is resistance, and we have trends walls on walls.
the chart speaks for it self, channel noted, macd crossing bullish , resistance at 191
on 1 hr, this should speak for itself, sorry im bad at talking i just like to chart and share this stuff, dont forget to google "FDAmusic" you tube it and check out my music!
reversal on the 1hr, dont panic son!. stop loss set at 1000bch
SHALES COMING IN! RSI OVERSOLD, MACD PREPARING FOR BEAR CROSS, trade with caution, and use stop losses position wisley!
COINBASE:LTCUSD this is my view on litecoin, i think LTC will move lilike etherium did after bitcoin, i think we are looking good, just be cautious and as always use stop losses, red is resistance, green is support we are trading in a up channel, you know the rest! i have a ex-musican gone trader, google "FDAmusic" any streams on apple, tidal, help donate to my cause!
we have confirmed the uptrend on BCH, a bullish flag Pennant is forming, it will either break to upside or down side, but i belive in the MOON!
This is how i see it! the 4h, daily, weekly all show all oversold conditions, big dip buy at $160 level. LTC i am personally looking at the 4 hour chart now, we are now trading in a channel, resistance levels are in red. the chart says it all!, hope it helps... ALSO keep in mind, coin base is coming out with a etf. which will allow inflows, but i believe the...