Ik we follow the fib lines it needs to break the top result lines if it does not and falls trough the bottom we would could see a double bottom scenario.
Just bounced for a second time off of the kijun. Possible confirmation of falling wedge trend line support and subsequently the reversal of the short term pullback and continuation of the underlying upward trend. If it holds support at this level it will take off like a rocket to the top of the cloud. If it breaks out of the cloud, move your stop up target 1. Look...
Trend continuation. This one really likes fib levels. Just a thought.
Noob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck! I just dont see it changing in the short term though. I like to use...
My first idea, newbie learning :) Took Joe's chart, linked below, with Bull and Bear channels, and added the cloud. If it does the same as previous corrections, we will get ~11K? The Senkou Span B also lines up with a horizontal support area. twitter.com
I have no idea what I'm doing. Tell me how likely you think a reversal is to occur.
If you're new here, you've probably heard a ton about various terminology that indicate the past, current, and future trends of particular cryptocurrency. Additionally, you've probably heard that these terminologies indicate whether or not a trend is "bearish"(Downward) or "bullish"(Upward). In this case study, we will examine and dissect $GNT's and how its...
STRATEGY: in cloud trading * TK cross * 1D candle closed in cloud * BUY around Tenkan-sen = first support: 0.00063 * SELL bellow cloud edge = resistance (big support in may): 0.00085 ------------------------------------------------------------------------ *STOPLOSS: bellow 0.00057
STRATEGY: in cloud trading * Candle close in cloud = buy * Resistance = lead 2 = sell * If it breaks 0.00002749 = confirmation Stoploss= 10% bellow cloud = lead 1
Be kind, im new to trading, might have gotten lucky but i put that pitchfork in on the 4th, any comments/criticism welcome, thanks