Done a short study of these Williams Fractal sets LHHL on the day chart and when price drops below the low of the last fractal low in that set it has often turned bearish. So I'm going short for now thinking same could apply to the 2 hour chart. Williams fractals not shown on chart. Pink box represents to consecutive Williams fractal highs and either side Williams...
This is on BTCUSD on the Daily time frame. I get right into my own psychology and explain what I'm feeling terms of FOMO.
I point out how the FOMO mentality causes people to lose big money. I've put on a paper trade, to explain this.
Note that ESMA and the NCA's have pointed out that:
... trading across different EU jurisdictions shows that 74-89% of retail...
So far the lowest resistance line of $5590 has not been tested, but the other two above it have. Once this line is tested and if the bears get a strong rejection we can then start to see a come back for the bulls.
Bitcoin going higher Y/N. Divergence between open and close of LHHL fractal set and Ultimate Oscillator below. Seen it work on the day chart and may work here.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
. The RSI bounced from the support #1 at 26 and it prevented the price from more losses.
. The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased.
. Price is below WEMA21, if price rises...
Hello Crypto traders,
This is my idea on how I will be interested to enter BTC/USD on a long position
I'm only risking 5% on my stop loss, please trade carefully and understand this is a market that will take everything if you let it.
Honor the Stoploss and risk what you are willing to put at risk.
I've studied many markets that had similar situations as...
I not going to comment on this idea because the guy who commented on my last post found my work so hard to grasp. Constructive arguments are welcome, otherwise just keep it simple like Agree, Disagree, Yes, or No. I love everybody's ideas on Trading View. Some take a lot of time and work to create, and others just a bit of fun. Trading View is a great community...
Bitcoin failed to keep above the $6,000 key threshold and dropped to the $5,800 area during the early hours on Friday. There were no any obvious catalysts behind the latest move which seems to be just a continuation of the bearish trend remaining intact since mid-December.
In a wider picture, the selloff has accelerated in recent weeks amid the renewed...
Bitcoin price keeps above the $6,000 threshold since the start of the week. However, the coin has been trading with a bearish bias recently, unable to regain the upside impetus amid concerns over regulation in Japan.
Amid the regulatory crackdown, crypto exchange Huobi Pro decided to suspend operations in Japan, citing some compliance issues with the...