The EOS pump has been obvious but I think it will continue until near launch day where we'll see a dump. Subsequently a pump should occur if BTC is still holding it's own and the EOS launch is successful.
Tron looks like it could correct a little more but it could be a short correction before the 3rd impulse wave.
Understand, I have 0 experience. This chart shows my personal prediction of events to come for bitcoin until around June. I understand the taboo nature in this realm of such a long term prediction of events. But I hope to get many chuckles at my attempt here. But hey.. This is what life is about.. Trying new things. Even if you suck at it and have no idea what...
I am not in the position yet, but this looks like a nice setup for the upcoming week. We will wait for price action at the bottom trend line. There is not only this trend line, but also a support zone. And since a bouce is more likely than a breakthrough, I will be searching for a good entry point here and putting SL under the lightblue support zone.
We now stopped in the shorter-term channel at the bottom and we have two options. I am in favour of more downtrend. That is why I setup a second entry as sell stop. I also have a great position from the top of the channel in a short position. I can collect my profits if the trend reverses and price bounces.
We are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.
I had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit. There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph. I will edit my TPs accordingly to price action.
Looking at the existing support (blue) and resistance (red) lines & trends, and considering the recent correction, I believe ONT is due for another breakout after this correction has completed. Orange is a potential trend-line if the correction ends up ending near where I plotted. __________ This is not investment advice. I know nothing. I have no ego. I...
I'd say there's a: 65% chance we breach the upper bearish trend-line. 20% chance we don't and stay within the channel. 15% chance we dip below the support trend-line where pain ensues. __________ This is not investment advice. I know nothing. I have no ego. I don't claim to be anything other than a newbie.
I am staying with this downtrend down until the large-scale trend, have a good RRR on this! Big hopes for next week.
It seems like BAT still has some fuel left in it's rockets.
BNB seems prime for a breakout if BTC can hold 7.9K. The RSI is oversold and it seems like price action is following the upward trendline. It looks like the 3rd wave of impulses typically fails to breach the 2nd wave peak which is why I plotted the next impulse in such a way. The purple correction is what could potentially happen if a breakout does not occur...
Looking at 1-day intervals on a logarithmic scale, it seems BTCUSD is at a key juncture when looking at the red bearish trend-line the price has seemingly been following since the all-time-high.
Hello. Im sitting here and will be looking for a long trade. I think we need to get Down to the structure level, or a candle stick to tell me the "pullback is over."
Honestly, I have 0 experience making any type of TA before this one. This is my first attempt. Probably a horrible attempt, but hey!.. I tried.. I think i see a Head and Shoulders Pattern emerging..? Not sure if I am using these tools correctly, but... I love shapes and as i was playing with these tools on the site, i made this.. It seems logical to me... but...
I'm a relatively new trader here, so constructive criticism is always nice. I suppose you can consider me a swing/short term trader; nothing longer than a week so I look at hourly charts and sometimes day charts. Based on previous chart data I have plotted my support lines that seem to be respected fairly well. Using those I then followed up with a little longer...
Hello. ill wait for the pull, right into "support", and the previous resistance. After that ill go long, and looking for a NHH.
Is it possible that BTC might be heading downwards.