BTCUSD: Brief Overview and HOW to use an INTERACTIVE Chart
Hi Everyone! I know the text bubbles are LARGE on the previous CHART publication. This is because of the settings for TradingView's "interactive" chart. I show in this video how to use the interactive chart to view the chart easier; even though the text is blown up after conversion to the interactive chart. I also provide a brief overview of what was covered in the chart publication.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
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UPDATE:
I might as well post this for those who may not view the chart publication referred to in this video publication.
Hi Everyone! As pointed out in the White Text Bubble:
Yes, it's possible we do not get held up at the 0.786 ($74,761.88) and end up busting through
the 0.786 to run up to a range between the 1.0 ($87,300.13) and the 1.142 ($95,669.81).
If we run up to the 0.786, we may see similar spread in price action as the previous "pause"
before running up to a higher high.
If we bust through the 0.786 to run up to the 1.0 to 1.142 price range, we have higher odds of
a rather dramatic pullback before potentially resuming upward pressure again.
Those who are trading alt-coins with a choice of alt/usd and alt/ btc pairs to trade, need to pay close attention to the indicators for your alt/ btc pair. You may see continued downward pressure but your alt/usd is showing continued upward pressure. This can only mean one thing. It would mean BTC /USD is "also" going up and "MUST" go up a HIGHER percentage than your alt/usd pair in order for your alt/ btc pair to fall in btc price.
What advantage does this knowledge give to the one who is only concerned with and/or trading bitcoin? It tells you bitcoin /usd is still going up; and at a higher percentage than most alt/usd pairs. It also tells you when you see the indicators for the alt/ btc pair begin to turn more bullish ; that the percentage gains on your btc /usd pair is about to potentially demish. This would also tell you to get in a different trade with a higher risk to reward ration to grow your bitcoin holdings by using your bitcoin to buy alt-coins in which the indicators say the alt/ btc pair is about to go up. You can later sell those alt-coins for more bitcoin at or near the top of the next wave and/or peak of exhaustion in a wave.
I'll stop rambling...
Happy Trading and Stay Awesome!
David
I might as well post this for those who may not view the chart publication referred to in this video publication.
Hi Everyone! As pointed out in the White Text Bubble:
Yes, it's possible we do not get held up at the 0.786 ($74,761.88) and end up busting through
the 0.786 to run up to a range between the 1.0 ($87,300.13) and the 1.142 ($95,669.81).
If we run up to the 0.786, we may see similar spread in price action as the previous "pause"
before running up to a higher high.
If we bust through the 0.786 to run up to the 1.0 to 1.142 price range, we have higher odds of
a rather dramatic pullback before potentially resuming upward pressure again.
Those who are trading alt-coins with a choice of alt/usd and alt/ btc pairs to trade, need to pay close attention to the indicators for your alt/ btc pair. You may see continued downward pressure but your alt/usd is showing continued upward pressure. This can only mean one thing. It would mean BTC /USD is "also" going up and "MUST" go up a HIGHER percentage than your alt/usd pair in order for your alt/ btc pair to fall in btc price.
What advantage does this knowledge give to the one who is only concerned with and/or trading bitcoin? It tells you bitcoin /usd is still going up; and at a higher percentage than most alt/usd pairs. It also tells you when you see the indicators for the alt/ btc pair begin to turn more bullish ; that the percentage gains on your btc /usd pair is about to potentially demish. This would also tell you to get in a different trade with a higher risk to reward ration to grow your bitcoin holdings by using your bitcoin to buy alt-coins in which the indicators say the alt/ btc pair is about to go up. You can later sell those alt-coins for more bitcoin at or near the top of the next wave and/or peak of exhaustion in a wave.
I'll stop rambling...
Happy Trading and Stay Awesome!
David
Comment: