Hello brothers and sisters. Is not looking good for the most traded crypto.
This is a graph showing possible supports, which acted as important stops in the pasts. Like any other tradeable thing, volume rules and it appears on the selling days. Day swings (daily volatility) are getting wider which suggest and indecision at these levels.
Wait for other good volume day to revise the trend, for now, is downward.
Now, a story:
The other day I dated a lady from the Balkans, Serbia or some country like that.. things got a slow start but after a couple of vodkas it got interesting.. needless to say the communication was a bit awkward since her English was a little bit rough... (She learnt English watching ALF TV shows). Everything was ok, till she excuses herself and walks into the bathroom, I follow with my eyes to asses the quality and I notice a strange pace, a peculiar walking manner.. but who am I to judge right, after 3 Vodkas you might change your walking style..anyway.. the night went on, I kept bragging about my crypto wallet, but looking closely at her hands I noticed they were a bit hairy, like mine.. but they are Europeans... I should expect more hair if things go the way I intend.
One thing led to another, some kisses, and when we were about to leave "she" said she had to tell me something..
Long story short, I kissed a man.. I couldn't believe how I fell into that trap. We parted ways and I went straight to the shower..
The Lesson here is, nothing is what it looks like, and that applies to trading as well.
Charts can be deceiving, and since everyone is looking at the same chart, it could turn out to be a man.
That's it, I needed to say it.
Use stops, always.
This is a graph showing possible supports, which acted as important stops in the pasts. Like any other tradeable thing, volume rules and it appears on the selling days. Day swings (daily volatility) are getting wider which suggest and indecision at these levels.
Wait for other good volume day to revise the trend, for now, is downward.
Now, a story:
The other day I dated a lady from the Balkans, Serbia or some country like that.. things got a slow start but after a couple of vodkas it got interesting.. needless to say the communication was a bit awkward since her English was a little bit rough... (She learnt English watching ALF TV shows). Everything was ok, till she excuses herself and walks into the bathroom, I follow with my eyes to asses the quality and I notice a strange pace, a peculiar walking manner.. but who am I to judge right, after 3 Vodkas you might change your walking style..anyway.. the night went on, I kept bragging about my crypto wallet, but looking closely at her hands I noticed they were a bit hairy, like mine.. but they are Europeans... I should expect more hair if things go the way I intend.
One thing led to another, some kisses, and when we were about to leave "she" said she had to tell me something..
Long story short, I kissed a man.. I couldn't believe how I fell into that trap. We parted ways and I went straight to the shower..
The Lesson here is, nothing is what it looks like, and that applies to trading as well.
Charts can be deceiving, and since everyone is looking at the same chart, it could turn out to be a man.
That's it, I needed to say it.
Use stops, always.