One of the most challenging aspects of trading is factoring for time. It's true that we can't predict one candle to the next. However, it's also true that we can forecast areas price is likely to reach and react to well into the future.
It's as if markets conform to a higher degree of order. They are certainly chaotic and random to a certain degree but do respect a higher order.
Mooners and doomers will always do their thing - make noise and influence people.
The hope is that this chart acts as a counter to noise. Study the lines carefully - see how price reacts. Always do your own research and have patience to wait for the trade.
It's as if markets conform to a higher degree of order. They are certainly chaotic and random to a certain degree but do respect a higher order.
Mooners and doomers will always do their thing - make noise and influence people.
The hope is that this chart acts as a counter to noise. Study the lines carefully - see how price reacts. Always do your own research and have patience to wait for the trade.