This one is only for me, some experimental stuff. Based on the previous post. It is the exploring of a single point, based on the bottom of the channel and radial trendlines.
This is not any usual TA, but i'm searching for symmetry and i've possibly found a pretty valid angle. I've used the Fib Channel tool, and 0.5 increments up and down, also some extra levels up to prove this channel is pretty important. I added on top of the same anchors, (the points where you see the arrows) a parallel channel to highlight the middle of the...
I think this area is pretty strong contender of a bounce though. Multiple lines of confluence, if you take a moment and check my previous posts from today. You will get it. I'm scared but long.
Well is this baseline going to hold ? I hope so, as the anchors are pretty extreme and relevant. The sentiment is pretty bearish. I also have strong bearish perspectives, but this just came upo in my studies. I'd love to see it hold. Enough blood has been spilled. Many have thrown the towel. And we have this bottom line showing the way. One issue is, the more a...
Well, this thing here, most likely won't play out. Bulls are tired and not enough gas in the tank to push corn to the height it needs. But, just a possibility that can occur if we run from here. My concern is the EMA's are congested and making pressure, be fore we can challenge the local high.
Okay, long's failed. Bitcoin is scary and weak, there is no interest for the coin, or crypto in general. No hype, nothing .... Really dull. It is a good buy, but i feel the next pop will be short lived and wales will dump it again. Dips are for buying, and reaps for selling. I hope we get a lat rip, i have a gut feeling we're about to pump again, but i can't see a...
Looking at this thing... So deep in the red, all i can thing is of buying some. I bough a bit too early and screwed up on sizing and stop loss. But I'm confident i will have the chance to sell higher. I we drop more i will buy more. That simple. To low to run stops. The damage has already been done.
This chart is pretty simple. It shows you two main trends and the converging point. We're now almost a year from that impressive run from 3200 level. Caught everyone by surprise without giving a chance to buy pullbacks. There wasn't decent pullbacks. And the reaction at the top was nasty. And we're still feeling the consequences of that massive selloff at 13400....
At these levels, i believe it is time to buy back. What else can you do other then buy Bitcoin here ?
It really sucks not getting the upside, but i can see this yet another descending triangle forming in the lower time frames for Bitcoin. What is better just buy and hope for the best or to put in practice some risk management and some stops in place ?
Just another quick observation on the Mayer Multiple and trend analysis.
We are trading at the 200 Day moving average and the Mayer Multiple is looking pretty good, we have a S&R Flip, and are trading at a level i can't quite explain why, but the interactions of this level in past history of Mayer Multiple led to significant price moves. I'm using this tool as a road map to find strong buying and i believe we are at a good buying...
Everybody in crypto is currently aware of this triangle. I personally fell into it and played it poorly. I wont deny. Earlier in this pattern i was euphoric and didn't take advantage of the volatility, to the downside. I did buy some dips, but the money was in selling. It usually is, when the triangles surge. Next one i will play better. For now it is hard to...
After being rejected from this zone in the past month, Bitcoin is consolidating in this giant down flag. It has done quite some upside, but i have my feelings it does not have the power to push more. I think profit taking and staying flat is the best option.
Okay ... The whole year has been pretty much around green candles, no dips and no pain. Somewhere around 400% profit. Right... That is really good. But life and the market's aren't that easy. Way too much confidence is in the air. Alarm Bells sound. I'm still a bull at heart, and what i'm looking for is a good entry. Too many traders are comfortable in their...
From time to time i zoom out and think about what is happening on Bitcoin.
Bitcoin can be a retirement play.