TLDR: Bullish between 6800 and 9600. The closer we are to 9600 and 10k the more likely I am to hedge short but for now, bullish and looking for longs. All right, time to get back into this trading shit and make some money. Yesterday, I took a swing and missed so go I'll through that first and then get into my analysis and potential moves. The swing and miss:...
Been gone for a little while, had to take a break, and i took some pretty heave losses so had to re-evaluate my whole trading philosophy. Also, decided to look at fewer charts but in more detail. Realised that trying to trade multiple coins at once is like playing 15 poker hands at once whilst trying to get to grip with the basics. For now, im gonna keep it super...
TLDR: bullish if we break and hold 6875 OR make a higher low and hold 63xx-64xx. Bearish if we cant hold 63xx-64xx Not much changed. Still dead volatility moving sideways. My current positions and what im doing with them: 40% leftover of my 5x Sept futures long from 5820 - relong on a confident close above ~6875, targeting around 75xx-76xx. Stops below ~6720....
Discalimer: im a moron who doesnt know what hes doing. this is just to help my trading journal. All depends on what BTC does. bounced between support and resistance after most recent BTC dump. Highest volume during the pump and low volume on the dump. Not very clean but a potential falling wedge/channel. very nice confluence with block and fib Far from EMA's....
Global markecap only just dipped below 250bil. The level of panic I saw and partially felt, specially over the weekend, now feels way out of proportion. BTC dominance been going up since start of May but the clear BTC - alt correlation remains. Assuming the correlation is still there and assuming this was at least a temporary bottom, I think a lot of altcoins are...
Been planning different snippets of this for a little while but ive finally put it together. Looking for longs if: bull div confirmation on OBV (confirmed by breaking above the red line on OBV) or a potential bottom fishing play in the liquidity pool in the first green box. Not looking to short tbh but ill be a lot more compelled to do it if we move up toward...
Line: Taking profit on ETH here, looking to buy again lower. Bearish div on 1D plus generally overheated 6 (!) green weeks in a row.
think we need a pull back+bear div. blue=local supports. some line up nicely with a some fibs. short very short term bullish midterm
disclaimer, only been into TA for like 2 months so i clearly dont know shit. just having fun What i see: Weekly high probably set at 9770. Needs to stay above 7820 to maintain the up trend but can drop all the way to 6420 and keep monthly higher low. If next push on 9770 breaks it then I see the 10k psychological breaking too and after 10k, next stop is...
Full analysis here+thoughts here: www.reddit.com
Disclaimer: still learning, practicing charting to boost my experience and paper trading to boost my market exposure, experience and to get me used to position sizing + R:R. Also, I believe less is more hence why the chart itself is so empty. It's the purest and simplest view of what im looking at. I treat each line as a zone rather than just a line. Weekly: -...
Disclaimer: noob still learning, a lot of what I deduce from what I see, is likely to be wrong. I do it for fun and to learn. Anyway, I believe that its best to start on high time frames so ill start with the weekly and work my way “in wards”. Weekly: Potential ascending triangle forming (not sure if valid) Candles: possible consolidation in 11.7k to 9.3k after...
Im a noob learning and i like to think that less is more hence why there is relatively little on this chart. trend reversal candle 05/03 and then 3 big red dildos with some decent volume. a better idea would have been to watch how 06/03 closes and then short. that being said, if today closes below 200 day, ill short to 8.3k and then re-evaluate the...