This is a continuation of an earlier idea I kept private. I think GBPUSD will drop and test the lower zone I highlight before returning to the centerline and again testing the bottom of the pitchfork and lower zone. I will likely scale in at the lower zone with a stop loss under the pitchfork.
BINANCE:VETUSD After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone...
i dont know if is a good idea but where is the x you buy
Convergence of resistance lines seen that there are joining at FIB time zones. Maybe a point of interest or a point of stupidity on my behalf.
These are my observations as a noob: I haven't yet looked at Tezos until now, it seems like the fib time zone seems to play a part and the downward wedge also seems (IMO) to suggest an upturn. Let's see how it plays out
Working out what is going on here, it hasn't fallen into my previous prediction, so it's a slimy monster thus far
Further resistance line forming. I am predicting a drop to break out of the flag. I hope I'm wrong.
I've annotated the idea that maybe the pink dotted lines may indicate a couple of points of volatility in the near future. Watch this space.
I'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
My first time drawling supply and demand zone for a stock (or etf ). Please let me know how I did and give me any feed back that I could use. The green is the demand zone and the red is the supply zone . I put in a purple box which indicates a "balance" zone where buyers and sellers are at a balance, which is where price consolidates. the balanced zone is usually...
Looking bout ready, we took a nice play on this back in Nov/Dec 2020 and looking like its setting up for another nice play. I like that price looks to have broken the down trend and a previous low with a strong bullish engulfing candle. I think as long as price stays above this anchor candle(the bullish engulfing candle) that price will begin to move towards the...
Still very noobish, but I believe that the market should bounce off the zone marked at the bottom- forever forgetting which is supply and demand! I have placed my stop just below the zone and am going to take profit if it hits 75%. Please feel free to provide input/feedback as trying to learn properly :)
So, finally decided to provide a rookie analysis- I think that over the next few weeks gold should drop back towards the bottom region. Then bounce. :D
Come to think about it, this shitcoin didn't manage to reach its previous ATH. This led me to believe that TA can help us see into the future, just like Asimov's Psychohistory, we can mathematically infer future events based on current data. As such, I believe that XRP is inside a huge, unbreakable, bearish trend. This trend will continue for years, until the...
Just practicing my trend lines. Am I onto something ?
This is in line with what happens to BTC and ETH. My new expectation is to not buy anything over 2.9USD. Let's get to the bottom of this!
Looks pretty legit so far. Probably a few more days of chop before it will confirm or deny its existence.