Hello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
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Take a...
Elon Musk and Tudor Jones both came out talking bullish about BTC and it rallies up..... Come on people, we've seen this before, its called um.... oh yea, PUMP AND DUMP!!! (2 hour chart displayed)
Don't fall for the same tricks! Take a small amount of profit if it seems logical to do so depending on your position and buy the dips! Don't give in to the hype -...
Im publishing this as sort of a parody or something to laugh at.... I love it when anyone associated with the GOV starts talking about the economy in any way, because BTC always starts to rally! Thank you Mr. Powell! I appreciate the earnings! :)
On a serious note, I do find it so interesting how this seems to happen everytime anyone in our GOV opens their mouth...
This is the second COINBASE:BTCUSD chart I have uploaded on my account. Ironically, it is showing the same pattern as my first uploaded chart, which was a winner. ;)
As I mentioned in the last chart, because the Candlesticks are of Japanese origin, this is traditionally referred to as a " Fry Pan Bottom ", which is a great signal for an incoming bull rally. I...
On 2 hour charts, Bitcoin is building a base (rounding bottom). The Japanese call this a "Fry Pan Bottom". It is a good place to enter a trade as it presages a rally. Thank you for reading.
