mylostrading

mylostrading Updated 

Working between the two daily levels of support and resistance. Noticing a global trend, I am looking to make a quick play on the local trend. We broke a previous downtrend, flipping that line to support and then moving on to create a new uptrend. Playing it safe and trying to minimise risk (I am learning after all!) though, I may have misjudged this upward...

mylostrading Updated 

The global trend is downwards. This being said, we did break down to a previous trendline which acted as support and is upwards - a higher low formed. We are beginning to be squeezed into a triangle. We bounced from the top trendline which acted as resistance and now I anticipate and hope to continue moving downwards, once again touching that bottom supporting...

mylostrading Updated 

Going for a small move here in terms of the actual global trend. We bounced from the higher trend line and I anticipate we may go back and retest the support level below around .5520. We may even break this and continue lower but I would rather take profits here and be safe. Everything is so uncertain at the moment.

mylostrading Updated 

Still learning, always learning. Any thoughts, I would love to know. AND PLEASE :) Leave me some REP if you come across this because I really want to use the chat!! :D

mylostrading

Just my idea and chart. I am still very new to all this so go easy, however, I had this drawn for a few days now and it still seems to be holding strong. We broke the pennant and BTC was trying to flip that upper trend line into support but we fell through. This said, we have been holding close the top of this pennant and continually trying to breakthrough....