I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. to get my complete trading strategy and to learn more about how I use the indicators below!
1-2 days: Breakdown bear flag | 1 week: 1000 Sats | 1-3 month predictions: < 1,000 Sats Previous analysis/position: N/A Patterns: Descending triangle + Bear flag Horizontal support and resistance: S = 1830 Sats | R = 1900 Sats 12 & 26 EMA’s (calculate % difference): 12 currently acting as resistance | 26 = -4.93% 50 & 128 MA’s: 50 = -10.49% | 128 = -28.13% FIB’s: 0.236 = 2580 Sats | 0 = 618 Sats Candlestick analysis: Doji at resistance Ichimoku Cloud: Fully bearish, Tenkan and Kijun starting to diverge in bearish manner. TD’ Sequential: R-3 = R-2 on weekly Visible Range: HVN at 1858 Sats with 1m lookback. HVN at 2146 Sats with 1 year look back. Bollinger Bands: MA on daily is acting as resistance Trendline: N/A Daily Trend: Chop Fractals: Down = 1658 Sats | UP = 1907 Sats On Balance Volume: Just made a higher high for a bull div ADX: ADX getting ready to cross 25 Chaikin Money Flow: Finding resistance under -0.05 RSI (30 setting): = 41.7 | higher lows and higher highs Stoch: Trending up
Conclusion:
1st Entry = Breakdown of bear flag 2nd Entry = Breakdown of horizontal support Backup Plan = Sell if we get a throwback to the triangle.
Stop for the first two entries = 1955 Satoshi's
Trade active
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Entered 3/4ths of desired position with an average price of 1796 Satoshis
Comment
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If not fully positioned then this bounce is likely a very good selling opportunity. Sell 1600 - 1,677 and place stop at 1801.
@danielmuliawan, I work very hard to provide quality TA to this community and I have never charged a penny. In return, all that I ask is that are respectful and that if you have criticism to make it constructive. If you can show me a chart on ADA with a bullish bias then I am all ears. Until then I appreciate you shedding some light on how emotional some people are who are taking the other side of this position.
Sawcruhteez
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Anyone know how I can get remove the %'s from my post that show up with every 3-4 letter word??