We saw a small correction of BTC/USDT on the 25th of November as it was overbought in my opinion. Right now we are in an uncertain situation and I advise to trade carefully.
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at...
I wanted to show a strategy that I used today.
I'm still new to this and only used a few satoshis on this strategy to learn how you can make a small profit in a consolidation period. However to the chart:
1 - "Tunnel", Between those two lines the market couldn't decide if it goes up or down. The result in this situation are big bullish- and bearish-candles.
2 -...
POLONIEX:BTSBTC is currently in this "tunnel". If there's a breakout it might hit resistance at around 0.00011690. Otherwise it will gain support at around 0.00010600 and quickly go on a bullish run.
I just started getting into technical analysis. This is more of a test than an idea.
With this simple symmetrical triangle we could see another short-term outbreak.
